https://www.taxtmi.com/caselaws?id=274239 The Tribunal partially allowed the assessee's appeal against the disallowance u/s. 14A of the Income Tax Act. It held that the disallowance under Rule 8D cannot exceed the dividend income earned and claimed as exempt. Therefore, the disallowance was restricted to the amount of dividend earned, directing the Assessing Officer to modify the disallowance accordingly. en-us Fri, 11 May 2018 00:00:00 +0530 Fri, 03 Aug 2018 07:59:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274239 The Tribunal partially allowed the assessee's appeal against the disallowance u/s. 14A of the Income Tax Act. It held that the disallowance under Rule 8D cannot exceed the dividend income earned and claimed as exempt. Therefore, the disallowance was restricted to the amount of dividend earned, directing the Assessing Officer to modify the disallowance accordingly. Case-Laws Income Tax Fri, 11 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274239