https://www.taxtmi.com/caselaws?id=372723 The ITAT Kolkata allowed the assessee's appeal, ruling that the disallowance of expenses related to exempt income under section 14A of the Act using Rule 8D was unsustainable as the Assessing Officer did not express dissatisfaction with the assessee's claim. Additionally, specific expenses disallowed by the Assessing Officer and confirmed by the Ld. CIT(A) were deemed allowable deductions by the ITAT, including Puja Chanda expenses for community purposes and project-related costs like security deposit and post-delivery expenses essential for business activities. en-us Wed, 31 Oct 2018 00:00:00 +0530 Fri, 28 Dec 2018 11:35:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372723 The ITAT Kolkata allowed the assessee's appeal, ruling that the disallowance of expenses related to exempt income under section 14A of the Act using Rule 8D was unsustainable as the Assessing Officer did not express dissatisfaction with the assessee's claim. Additionally, specific expenses disallowed by the Assessing Officer and confirmed by the Ld. CIT(A) were deemed allowable deductions by the ITAT, including Puja Chanda expenses for community purposes and project-related costs like security deposit and post-delivery expenses essential for business activities. Case-Laws Income Tax Wed, 31 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372723