https://www.taxtmi.com/caselaws?id=382032 The Tribunal partly allowed the assessee's appeal for the disallowance under Section 14A, directing the Assessing Officer to restrict the disallowance to the amount of exempt income earned in each year. The disallowance of professional charges for Assessment Years 2009-10 and 2011-12 was upheld as the expenditure was not adequately substantiated as business-related. en-us Wed, 08 May 2019 00:00:00 +0530 Mon, 24 Jun 2019 22:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382032 The Tribunal partly allowed the assessee's appeal for the disallowance under Section 14A, directing the Assessing Officer to restrict the disallowance to the amount of exempt income earned in each year. The disallowance of professional charges for Assessment Years 2009-10 and 2011-12 was upheld as the expenditure was not adequately substantiated as business-related. Case-Laws Income Tax Wed, 08 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382032