https://www.taxtmi.com/caselaws?id=380651 The Tribunal partially allowed the appellant's appeal regarding the disallowance under Section 14A of the Income-tax Act, 1961. It emphasized that only investments yielding exempt income should be considered for calculating the average value of investments. The Tribunal directed the Assessing Officer to compute the disallowance accordingly, following the precedent set in ACIT vs. Vireet Investments. The appellant's challenge against the disallowance was partially successful, clarifying the correct approach for determining the disallowance under Section 14A. en-us Mon, 20 May 2019 00:00:00 +0530 Sat, 25 May 2019 09:56:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380651 The Tribunal partially allowed the appellant's appeal regarding the disallowance under Section 14A of the Income-tax Act, 1961. It emphasized that only investments yielding exempt income should be considered for calculating the average value of investments. The Tribunal directed the Assessing Officer to compute the disallowance accordingly, following the precedent set in ACIT vs. Vireet Investments. The appellant's challenge against the disallowance was partially successful, clarifying the correct approach for determining the disallowance under Section 14A. Case-Laws Income Tax Mon, 20 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380651