https://www.taxtmi.com/caselaws?id=379057 The ITAT dismissed the revenue's appeal, upholding the CIT(A)'s decisions on both issues. The judgment clarified the disallowance of expenses related to exempt income under section 14A with Rule 8D and the interaction with section 115JB, stating that the disallowance under section 14A should be separate from the computation under section 115JB, following precedents set in previous cases. en-us Wed, 13 Mar 2019 00:00:00 +0530 Sat, 27 Apr 2019 06:35:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379057 The ITAT dismissed the revenue's appeal, upholding the CIT(A)'s decisions on both issues. The judgment clarified the disallowance of expenses related to exempt income under section 14A with Rule 8D and the interaction with section 115JB, stating that the disallowance under section 14A should be separate from the computation under section 115JB, following precedents set in previous cases. Case-Laws Income Tax Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379057