https://www.taxtmi.com/caselaws?id=391304 The appeal was allowed in favor of the assessee on both issues. The Tribunal directed the AO to rework the disallowance under Section 14A by excluding investments that did not yield exempt income and to allow the weighted deduction under Section 35(2AB) as claimed by the assessee. The AO was also instructed to provide a reasonable opportunity of hearing to the assessee. en-us Tue, 21 Jan 2020 00:00:00 +0530 Sat, 30 Jul 2022 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391304 The appeal was allowed in favor of the assessee on both issues. The Tribunal directed the AO to rework the disallowance under Section 14A by excluding investments that did not yield exempt income and to allow the weighted deduction under Section 35(2AB) as claimed by the assessee. The AO was also instructed to provide a reasonable opportunity of hearing to the assessee. Case-Laws Income Tax Tue, 21 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391304