https://www.taxtmi.com/caselaws?id=396553 The High Court of Madras dismissed the appeal by the Revenue concerning the disallowance of expenditure under Section 14A of the Act. The Court found that the Tribunal's decision did not raise any substantial question of law for consideration under Section 260A of the Act. It was noted that the disallowance amount of Rs. 2.00 Lakhs was reasonable based on the assessee's investments and income. The Court concluded that the Tribunal's order was just and reasonable, leading to the dismissal of the appeal without costs. en-us Mon, 06 Jul 2020 00:00:00 +0530 Fri, 10 Jul 2020 08:10:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396553 The High Court of Madras dismissed the appeal by the Revenue concerning the disallowance of expenditure under Section 14A of the Act. The Court found that the Tribunal's decision did not raise any substantial question of law for consideration under Section 260A of the Act. It was noted that the disallowance amount of Rs. 2.00 Lakhs was reasonable based on the assessee's investments and income. The Court concluded that the Tribunal's order was just and reasonable, leading to the dismissal of the appeal without costs. Case-Laws Income Tax Mon, 06 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396553