https://www.taxtmi.com/caselaws?id=284708 The Tribunal allowed the appeal filed by the assessee regarding disallowance made under section 14A of the Income Tax Act. The Tribunal held that no additional expenditure was incurred as investments were mainly in liquid fund schemes and dividend income was reinvested or directly received. The Tribunal set aside the CIT(A)'s order and directed the Assessing Officer to accept the disallowance made by the assessee. Additionally, the Tribunal remanded the issue of interest charged under section 234C back to the Assessing Officer for re-examination based on the returned income and advance tax paid by the assessee. en-us Wed, 26 Sep 2018 00:00:00 +0530 Fri, 06 Dec 2019 11:27:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284708 The Tribunal allowed the appeal filed by the assessee regarding disallowance made under section 14A of the Income Tax Act. The Tribunal held that no additional expenditure was incurred as investments were mainly in liquid fund schemes and dividend income was reinvested or directly received. The Tribunal set aside the CIT(A)'s order and directed the Assessing Officer to accept the disallowance made by the assessee. Additionally, the Tribunal remanded the issue of interest charged under section 234C back to the Assessing Officer for re-examination based on the returned income and advance tax paid by the assessee. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284708