https://www.taxtmi.com/caselaws?id=357815 The Tribunal upheld the CIT(A)'s decision to restrict the disallowance under Section 14A to the amount of exempt income earned by the assessee. The Tribunal found the CIT(A)'s reasoning in line with judicial precedents and the CBDT circular, emphasizing the correct determination of taxable income and the appellate authorities' power to entertain legal claims. The Revenue's appeal was dismissed, affirming the CIT(A)'s well-reasoned order. en-us Wed, 21 Mar 2018 00:00:00 +0530 Fri, 30 Mar 2018 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357815 The Tribunal upheld the CIT(A)'s decision to restrict the disallowance under Section 14A to the amount of exempt income earned by the assessee. The Tribunal found the CIT(A)'s reasoning in line with judicial precedents and the CBDT circular, emphasizing the correct determination of taxable income and the appellate authorities' power to entertain legal claims. The Revenue's appeal was dismissed, affirming the CIT(A)'s well-reasoned order. Case-Laws Income Tax Wed, 21 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357815