https://www.taxtmi.com/caselaws?id=279346 The Tribunal did not err in law in deleting the additions under Section 40A(9) of the Income Tax Act but instead remanded the matter to the Assessing Officer for reconsideration. The Tribunal's decision to restrict the disallowance under Section 14A to Rs. 20 lakhs was upheld, considering the lack of proper basis for the Assessing Officer's calculation. The Tribunal's reasoning was deemed reasonable, and the appellant's argument against the original disallowance was dismissed. Consequently, the appeal was disposed of affirming the Tribunal's decision on both issues. en-us Thu, 25 Jun 2015 00:00:00 +0530 Thu, 14 Mar 2019 07:43:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279346 The Tribunal did not err in law in deleting the additions under Section 40A(9) of the Income Tax Act but instead remanded the matter to the Assessing Officer for reconsideration. The Tribunal's decision to restrict the disallowance under Section 14A to Rs. 20 lakhs was upheld, considering the lack of proper basis for the Assessing Officer's calculation. The Tribunal's reasoning was deemed reasonable, and the appellant's argument against the original disallowance was dismissed. Consequently, the appeal was disposed of affirming the Tribunal's decision on both issues. Case-Laws Income Tax Thu, 25 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279346