https://www.taxtmi.com/caselaws?id=361456 The ITAT Ahmedabad dismissed the Revenue's appeal and upheld the CIT(A)'s decision to delete the addition of Rs. 92,52,234 under Section 14A r.w.r. 8D of the Income Tax Act. The ITAT ruled that the disallowance should not exceed the exempt income earned, in line with established legal principles and previous judgments. en-us Thu, 31 May 2018 00:00:00 +0530 Thu, 07 Jun 2018 08:57:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361456 The ITAT Ahmedabad dismissed the Revenue's appeal and upheld the CIT(A)'s decision to delete the addition of Rs. 92,52,234 under Section 14A r.w.r. 8D of the Income Tax Act. The ITAT ruled that the disallowance should not exceed the exempt income earned, in line with established legal principles and previous judgments. Case-Laws Income Tax Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361456