https://www.taxtmi.com/caselaws?id=376509 The Appellate Tribunal ruled that the disallowance under section 14A Rule 8D of the Act cannot exceed the exempt income earned by the assessee. As the assessee did not earn any exempt income from dividends, the Tribunal found no justification for the disallowance. Consequently, the appeal of the assessee was allowed. en-us Thu, 07 Mar 2019 00:00:00 +0530 Mon, 11 Mar 2019 06:46:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376509 The Appellate Tribunal ruled that the disallowance under section 14A Rule 8D of the Act cannot exceed the exempt income earned by the assessee. As the assessee did not earn any exempt income from dividends, the Tribunal found no justification for the disallowance. Consequently, the appeal of the assessee was allowed. Case-Laws Income Tax Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376509