https://www.taxtmi.com/caselaws?id=275337 The tribunal upheld the decision to restrict the disallowance under section 14A to Rs. 8,01,136, aligning with previous rulings. The tribunal confirmed the relief granted by the CIT(A) and dismissed the appeal while partly allowing the Cross Objection. The principle that disallowance under section 14A should not exceed the exempt income earned by the assessee was emphasized, based on specific circumstances and legal precedents cited in similar cases. en-us Wed, 07 Dec 2016 00:00:00 +0530 Fri, 28 Sep 2018 07:31:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275337 The tribunal upheld the decision to restrict the disallowance under section 14A to Rs. 8,01,136, aligning with previous rulings. The tribunal confirmed the relief granted by the CIT(A) and dismissed the appeal while partly allowing the Cross Objection. The principle that disallowance under section 14A should not exceed the exempt income earned by the assessee was emphasized, based on specific circumstances and legal precedents cited in similar cases. Case-Laws Income Tax Wed, 07 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275337