https://www.taxtmi.com/caselaws?id=285237 The appeal focused on the disallowance under section 14A of the Income Tax Act read with Rule 8D of the Income Tax Rules. The assessee's contention that no disallowance should be made was upheld by the Tribunal, emphasizing that there was no link between the expenditures and investments. The Tribunal found the revenue's estimation of disallowance at 0.5% of investments unjustified. Consequently, the appeal was allowed, and the disallowance against the dividend income was accepted. en-us Fri, 13 Apr 2012 00:00:00 +0530 Fri, 03 Jan 2020 11:42:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285237 The appeal focused on the disallowance under section 14A of the Income Tax Act read with Rule 8D of the Income Tax Rules. The assessee's contention that no disallowance should be made was upheld by the Tribunal, emphasizing that there was no link between the expenditures and investments. The Tribunal found the revenue's estimation of disallowance at 0.5% of investments unjustified. Consequently, the appeal was allowed, and the disallowance against the dividend income was accepted. Case-Laws Income Tax Fri, 13 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285237