https://www.taxtmi.com/caselaws?id=391622 The Appellate Tribunal ITAT Ahmedabad ruled in favor of the Assessee in a case involving disallowance under section 14A read with rule 8D of the Income Tax Rules for Assessment Year 2013-14. The Tribunal held that the disallowance amount cannot exceed the disallowance made by the Assessee in their income tax return, deleting the additional disallowance imposed by the Assessing Officer. Both the Assessee's and Revenue's appeals were decided in favor of the Assessee, with the Tribunal allowing the Assessee's appeal and dismissing the Revenue's appeal. en-us Mon, 06 Jan 2020 00:00:00 +0530 Mon, 03 Feb 2020 12:09:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391622 The Appellate Tribunal ITAT Ahmedabad ruled in favor of the Assessee in a case involving disallowance under section 14A read with rule 8D of the Income Tax Rules for Assessment Year 2013-14. The Tribunal held that the disallowance amount cannot exceed the disallowance made by the Assessee in their income tax return, deleting the additional disallowance imposed by the Assessing Officer. Both the Assessee's and Revenue's appeals were decided in favor of the Assessee, with the Tribunal allowing the Assessee's appeal and dismissing the Revenue's appeal. Case-Laws Income Tax Mon, 06 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391622