https://www.taxtmi.com/caselaws?id=383253 The Tribunal partially allowed the assessee's appeal, reducing the disallowance of interest and administrative expenses related to exempt income under Section 14A of the Income Tax Act. The Tribunal directed the Assessing Officer to sustain only 1/2 % of the disallowance on administrative expenses attributable to exempt income. Additionally, the Tribunal provided detailed directions on various other disallowances and additions, ensuring compliance with legal provisions and principles of natural justice. The Revenue's appeal was dismissed. en-us Tue, 16 Jul 2019 00:00:00 +0530 Fri, 19 Jul 2019 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383253 The Tribunal partially allowed the assessee's appeal, reducing the disallowance of interest and administrative expenses related to exempt income under Section 14A of the Income Tax Act. The Tribunal directed the Assessing Officer to sustain only 1/2 % of the disallowance on administrative expenses attributable to exempt income. Additionally, the Tribunal provided detailed directions on various other disallowances and additions, ensuring compliance with legal provisions and principles of natural justice. The Revenue's appeal was dismissed. Case-Laws Income Tax Tue, 16 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383253