https://www.taxtmi.com/caselaws?id=361466 The ITAT Delhi allowed the appeal of the assessee, overturning the order of the Ld. CIT(A) and deleting the addition of expenses related to exempt income under section 14A of the Income Tax Act for the A.Y. 2010-2011. The Tribunal ruled in favor of the assessee based on the lack of proper satisfaction by the Assessing Officer and previous judgments supporting the assessee's position, notably from the A.Y. 2009-2010, where no specific expenditure directly attributable to exempt income was found. en-us Fri, 01 Jun 2018 00:00:00 +0530 Thu, 07 Jun 2018 09:03:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361466 The ITAT Delhi allowed the appeal of the assessee, overturning the order of the Ld. CIT(A) and deleting the addition of expenses related to exempt income under section 14A of the Income Tax Act for the A.Y. 2010-2011. The Tribunal ruled in favor of the assessee based on the lack of proper satisfaction by the Assessing Officer and previous judgments supporting the assessee's position, notably from the A.Y. 2009-2010, where no specific expenditure directly attributable to exempt income was found. Case-Laws Income Tax Fri, 01 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361466