https://www.taxtmi.com/caselaws?id=372215 The Tribunal upheld the CIT(A)'s decision to delete the disallowances under Section 14A and ad-hoc disallowance of expenses. It emphasized the absence of exempt income, investments made from own funds, and lack of specific defects in expenses. The Tribunal highlighted the necessity of specific findings by the AO, which were lacking in this case. en-us Thu, 13 Dec 2018 00:00:00 +0530 Wed, 19 Dec 2018 08:41:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372215 The Tribunal upheld the CIT(A)'s decision to delete the disallowances under Section 14A and ad-hoc disallowance of expenses. It emphasized the absence of exempt income, investments made from own funds, and lack of specific defects in expenses. The Tribunal highlighted the necessity of specific findings by the AO, which were lacking in this case. Case-Laws Income Tax Thu, 13 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372215