https://www.taxtmi.com/caselaws?id=380578 The Tribunal upheld the order of the Ld.CIT(A) in restricting the disallowance under section 14A of the Income Tax Act to the amount of exempt income earned by the assessee. Following precedent and emphasizing that the disallowance cannot exceed the exempt income, the Tribunal dismissed the Revenue's appeals and the assessee's cross objections for the assessment years in question. en-us Wed, 08 May 2019 00:00:00 +0530 Thu, 23 May 2019 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380578 The Tribunal upheld the order of the Ld.CIT(A) in restricting the disallowance under section 14A of the Income Tax Act to the amount of exempt income earned by the assessee. Following precedent and emphasizing that the disallowance cannot exceed the exempt income, the Tribunal dismissed the Revenue's appeals and the assessee's cross objections for the assessment years in question. Case-Laws Income Tax Wed, 08 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380578