https://www.taxtmi.com/caselaws?id=200670 The appeal filed by the Revenue against the disallowance under section 14A of the Income Tax Act, 1961 was dismissed by the Tribunal due to the tax effect being below the specified monetary limit of &8377; 10.00 lacs as per CBDT Circular No.21/2015. The disputed amount was &8377; 32,87,971, with a tax effect of &8377; 9,86,391, excluding surcharge and education cess. The Tribunal clarified that the tax effect should be calculated excluding surcharge and education cess. As a result, the appeal was deemed not maintainable, and the order was pronounced on 31/05/2017. en-us Wed, 31 May 2017 00:00:00 +0530 Thu, 12 Apr 2018 10:05:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200670 The appeal filed by the Revenue against the disallowance under section 14A of the Income Tax Act, 1961 was dismissed by the Tribunal due to the tax effect being below the specified monetary limit of &8377; 10.00 lacs as per CBDT Circular No.21/2015. The disputed amount was &8377; 32,87,971, with a tax effect of &8377; 9,86,391, excluding surcharge and education cess. The Tribunal clarified that the tax effect should be calculated excluding surcharge and education cess. As a result, the appeal was deemed not maintainable, and the order was pronounced on 31/05/2017. Case-Laws Income Tax Wed, 31 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200670