https://www.taxtmi.com/caselaws?id=287105 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the disallowance under section 14A of the Income Tax Act, 1961, due to lack of evidence of expenses incurred in earning dividend income. However, the disallowance under section 40(a)(ia) was upheld as tax deduction was required on payments to AMR Research Inc. The judgment did not delve into detailed analysis of the penalty proceedings under section 271(1)(c). en-us Wed, 17 Jul 2019 00:00:00 +0530 Mon, 17 Apr 2023 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287105 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the disallowance under section 14A of the Income Tax Act, 1961, due to lack of evidence of expenses incurred in earning dividend income. However, the disallowance under section 40(a)(ia) was upheld as tax deduction was required on payments to AMR Research Inc. The judgment did not delve into detailed analysis of the penalty proceedings under section 271(1)(c). Case-Laws Income Tax Wed, 17 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287105