https://www.taxtmi.com/caselaws?id=379592 The High Court upheld the decision to delete the disallowance made under Section 14A of the Income Tax Act, 1961, read with Rule 8D of the Income Tax Rules, 1962. The court considered the interpretation of CBDT Circular No. 5 of 2014 and a previous judgment that dismissed a similar appeal by the revenue. The appeals regarding disallowance on tax-free income were decided in favor of the assessee, with the court not finding it necessary to address the condonation of a 4-day delay in filing one of the appeals. en-us Mon, 29 Apr 2019 00:00:00 +0530 Fri, 03 May 2019 19:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379592 The High Court upheld the decision to delete the disallowance made under Section 14A of the Income Tax Act, 1961, read with Rule 8D of the Income Tax Rules, 1962. The court considered the interpretation of CBDT Circular No. 5 of 2014 and a previous judgment that dismissed a similar appeal by the revenue. The appeals regarding disallowance on tax-free income were decided in favor of the assessee, with the court not finding it necessary to address the condonation of a 4-day delay in filing one of the appeals. Case-Laws Income Tax Mon, 29 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379592