https://www.taxtmi.com/caselaws?id=382540 The Tribunal allowed the appellant's appeal, setting aside the CIT(A)'s order upholding the addition under section 14A of the Income Tax Act. The Tribunal ruled in favor of the appellant, emphasizing the minimal expenditure calculated based on the average value of dividend-yielding investments and the lack of necessity for disallowance under section 14A. The Tribunal noted the appellant's net interest income and the absence of justification for non-acceptance of accounting entries by the AO, ultimately accepting the appellant's argument and historical data supporting the claim. en-us Wed, 03 Jul 2019 00:00:00 +0530 Fri, 05 Jul 2019 07:14:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382540 The Tribunal allowed the appellant's appeal, setting aside the CIT(A)'s order upholding the addition under section 14A of the Income Tax Act. The Tribunal ruled in favor of the appellant, emphasizing the minimal expenditure calculated based on the average value of dividend-yielding investments and the lack of necessity for disallowance under section 14A. The Tribunal noted the appellant's net interest income and the absence of justification for non-acceptance of accounting entries by the AO, ultimately accepting the appellant's argument and historical data supporting the claim. Case-Laws Income Tax Wed, 03 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382540