https://www.taxtmi.com/caselaws?id=377748 The Tribunal partially allowed the appeal, remanding the case back to the Assessing Officer for further verification. It emphasized the importance of verifying the source of funds for investments and ensuring that disallowances under Section 14A do not surpass the exempt income. The Tribunal upheld the Commissioner of Income Tax (Appeals)'s restriction of administrative expenditure disallowance to the amount of exempt income earned. en-us Mon, 04 Feb 2019 00:00:00 +0530 Tue, 02 Apr 2019 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377748 The Tribunal partially allowed the appeal, remanding the case back to the Assessing Officer for further verification. It emphasized the importance of verifying the source of funds for investments and ensuring that disallowances under Section 14A do not surpass the exempt income. The Tribunal upheld the Commissioner of Income Tax (Appeals)'s restriction of administrative expenditure disallowance to the amount of exempt income earned. Case-Laws Income Tax Mon, 04 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377748