https://www.taxtmi.com/caselaws?id=288544 The Tribunal ruled in favor of the assessee in an appeal against the disallowance under section 14A of the Income-tax Act. The Tribunal held that since the assessee had sufficient own funds for investments, no further disallowance beyond the voluntary offer made by the assessee was justified. The disallowance was restricted to the self-offered amount, and any additional disallowance was directed to be deleted. The appeal was allowed, overturning the decision of the Assessing officer and the Commissioner of Income Tax (Appeals). en-us Wed, 07 Feb 2018 00:00:00 +0530 Tue, 16 Jun 2020 10:12:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288544 The Tribunal ruled in favor of the assessee in an appeal against the disallowance under section 14A of the Income-tax Act. The Tribunal held that since the assessee had sufficient own funds for investments, no further disallowance beyond the voluntary offer made by the assessee was justified. The disallowance was restricted to the self-offered amount, and any additional disallowance was directed to be deleted. The appeal was allowed, overturning the decision of the Assessing officer and the Commissioner of Income Tax (Appeals). Case-Laws Income Tax Wed, 07 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288544