https://www.taxtmi.com/caselaws?id=285700 The Tribunal partly allowed the appeal concerning disallowance of interest expenditure and administrative expenses under section 14A of the Act. It held that the disallowance under section 14A cannot exceed the exempt income, citing a Mumbai Bench case. The AO was directed to restrict the disallowance of interest expenditure and administrative expenses to Rs. 33,446 each, aligning with the exempt income. en-us Fri, 13 Feb 2015 00:00:00 +0530 Wed, 22 Jan 2020 21:07:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285700 The Tribunal partly allowed the appeal concerning disallowance of interest expenditure and administrative expenses under section 14A of the Act. It held that the disallowance under section 14A cannot exceed the exempt income, citing a Mumbai Bench case. The AO was directed to restrict the disallowance of interest expenditure and administrative expenses to Rs. 33,446 each, aligning with the exempt income. Case-Laws Income Tax Fri, 13 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285700