https://www.taxtmi.com/caselaws?id=367036 The Tribunal allowed the appeal, overturning the disallowance of investment advisory fees made by the Assessing Officer and upheld by the CIT(A). The Tribunal held that the disallowance under Section 14A should not exceed the exempt income, following a precedent set by the Jurisdictional High Court. As the assessee had already made a disallowance exceeding the exempt income, no further disallowance was justified. Therefore, the disallowance was deleted, and the appeal was successful for the assessee. en-us Tue, 10 Jul 2018 00:00:00 +0530 Fri, 14 Sep 2018 07:47:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367036 The Tribunal allowed the appeal, overturning the disallowance of investment advisory fees made by the Assessing Officer and upheld by the CIT(A). The Tribunal held that the disallowance under Section 14A should not exceed the exempt income, following a precedent set by the Jurisdictional High Court. As the assessee had already made a disallowance exceeding the exempt income, no further disallowance was justified. Therefore, the disallowance was deleted, and the appeal was successful for the assessee. Case-Laws Income Tax Tue, 10 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367036