https://www.taxtmi.com/caselaws?id=393323 The ITAT Pune partially allowed the assessee's appeal, deleting the disallowance under sections 14A and 40A(2)(b) of the Income Tax Act, 1961. The judgment highlighted the importance of earning exempt income for invoking section 14A and the need for a proper assessment of excessive or unreasonable expenses under section 40A(2)(b). en-us Fri, 14 Feb 2020 00:00:00 +0530 Thu, 12 Mar 2020 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393323 The ITAT Pune partially allowed the assessee's appeal, deleting the disallowance under sections 14A and 40A(2)(b) of the Income Tax Act, 1961. The judgment highlighted the importance of earning exempt income for invoking section 14A and the need for a proper assessment of excessive or unreasonable expenses under section 40A(2)(b). Case-Laws Income Tax Fri, 14 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393323