https://www.taxtmi.com/caselaws?id=281712 The Tribunal allowed most of the assessee's appeals and deleted the disallowances made by the AO and CIT(A), emphasizing principles of consistency, commercial expediency, and proper justification for expenses. The Tribunal considered judicial precedents and directed the AO to restrict disallowance under Section 14A to 1% of exempt income. en-us Wed, 09 Dec 2015 00:00:00 +0530 Wed, 03 Jul 2019 09:59:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281712 The Tribunal allowed most of the assessee's appeals and deleted the disallowances made by the AO and CIT(A), emphasizing principles of consistency, commercial expediency, and proper justification for expenses. The Tribunal considered judicial precedents and directed the AO to restrict disallowance under Section 14A to 1% of exempt income. Case-Laws Income Tax Wed, 09 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281712