https://www.taxtmi.com/caselaws?id=387892 The Tribunal partially allowed the appeal of the assessee, directing the Assessing Officer to restrict the disallowance under section 14A to the extent of income that does not form part of the total income under the Income Tax Act, based on the specific exempt income earned during the assessment year. The judgment clarified that the disallowance of expenses should align with the exempt income earned by the assessee, ensuring a fair and accurate calculation under section 14A. en-us Fri, 27 Sep 2019 00:00:00 +0530 Mon, 04 Nov 2019 07:00:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387892 The Tribunal partially allowed the appeal of the assessee, directing the Assessing Officer to restrict the disallowance under section 14A to the extent of income that does not form part of the total income under the Income Tax Act, based on the specific exempt income earned during the assessment year. The judgment clarified that the disallowance of expenses should align with the exempt income earned by the assessee, ensuring a fair and accurate calculation under section 14A. Case-Laws Income Tax Fri, 27 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387892