https://www.taxtmi.com/caselaws?id=376670 The Tribunal allowed the appeal, ruling in favor of the assessee by deleting the disallowance of expenses under section 14A of the Income Tax Act. The Tribunal found the initial disallowance made by the assessee to be reasonable and aligned with the facts presented. Emphasizing the lack of a direct nexus between the expenses and exempt income, the Tribunal held that the computation under Rule 8D is not mandatory when expenses do not have a clear connection to exempt income. en-us Thu, 28 Feb 2019 00:00:00 +0530 Thu, 14 Mar 2019 09:23:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376670 The Tribunal allowed the appeal, ruling in favor of the assessee by deleting the disallowance of expenses under section 14A of the Income Tax Act. The Tribunal found the initial disallowance made by the assessee to be reasonable and aligned with the facts presented. Emphasizing the lack of a direct nexus between the expenses and exempt income, the Tribunal held that the computation under Rule 8D is not mandatory when expenses do not have a clear connection to exempt income. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376670