https://www.taxtmi.com/caselaws?id=395419 The Tribunal partially allowed the appeal for statistical purposes. It directed the Assessing Officer to recompute the disallowance of expenses relatable to exempt income under Section 14A of the Act by considering only investments yielding dividend income. Additionally, the Tribunal instructed the deletion of the disallowance of expenses relatable to exempt income while computing book profit under Section 115JB of the Act, based on a previous decision. The judgment provided a thorough analysis supported by legal provisions and precedents. en-us Tue, 28 Jan 2020 00:00:00 +0530 Thu, 21 May 2020 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395419 The Tribunal partially allowed the appeal for statistical purposes. It directed the Assessing Officer to recompute the disallowance of expenses relatable to exempt income under Section 14A of the Act by considering only investments yielding dividend income. Additionally, the Tribunal instructed the deletion of the disallowance of expenses relatable to exempt income while computing book profit under Section 115JB of the Act, based on a previous decision. The judgment provided a thorough analysis supported by legal provisions and precedents. Case-Laws Income Tax Tue, 28 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395419