https://www.taxtmi.com/caselaws?id=362410 The High Court interpreted Section 14A of the Income Tax Act, 1961, regarding the disallowance of expenditure to earn exempted income. The Court analyzed the application of Rule 8D and considered judicial pronouncements, emphasizing the necessity of a rational nexus between expenditure and income. Referring to relevant case law, the Court dismissed the Revenue's appeal and rejected the Stay Application, finding no substantial question of law in the Tribunal's decision. en-us Fri, 15 Jun 2018 00:00:00 +0530 Mon, 25 Jun 2018 09:01:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362410 The High Court interpreted Section 14A of the Income Tax Act, 1961, regarding the disallowance of expenditure to earn exempted income. The Court analyzed the application of Rule 8D and considered judicial pronouncements, emphasizing the necessity of a rational nexus between expenditure and income. Referring to relevant case law, the Court dismissed the Revenue's appeal and rejected the Stay Application, finding no substantial question of law in the Tribunal's decision. Case-Laws Income Tax Fri, 15 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362410