https://www.taxtmi.com/caselaws?id=379911 The court dismissed the revenue's appeal under Section 260A of the Income Tax Act, 1961 against the ITAT order for the assessment year 2012-13. The appeal challenged the disallowance of expenditure under Section 14A of the Income Tax Act, 1961. The court affirmed the ITAT decision, upholding the deletion of the disallowance amount and sustaining the treatment of interest expenditure and tax-exempt income, based on consistency with previous judgments and dismissing the revenue's arguments. en-us Fri, 03 May 2019 00:00:00 +0530 Thu, 09 May 2019 06:31:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379911 The court dismissed the revenue's appeal under Section 260A of the Income Tax Act, 1961 against the ITAT order for the assessment year 2012-13. The appeal challenged the disallowance of expenditure under Section 14A of the Income Tax Act, 1961. The court affirmed the ITAT decision, upholding the deletion of the disallowance amount and sustaining the treatment of interest expenditure and tax-exempt income, based on consistency with previous judgments and dismissing the revenue's arguments. Case-Laws Income Tax Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379911