https://www.taxtmi.com/caselaws?id=398284 The appeal was allowed in part, and the case was remanded back to the Assessing Officer for reconsideration of the disallowance under section 14A of the Income Tax Act and the allocation of expenses under section 10AA. The tribunal directed the Assessing Officer to verify certain aspects related to the assessee's own funds, investments yielding exempt income, and allocation of expenses to the NSEZ unit. The decision was based on the tribunal's observations and the need for further verification in line with relevant case law. en-us Mon, 07 Sep 2020 00:00:00 +0530 Thu, 10 Sep 2020 08:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398284 The appeal was allowed in part, and the case was remanded back to the Assessing Officer for reconsideration of the disallowance under section 14A of the Income Tax Act and the allocation of expenses under section 10AA. The tribunal directed the Assessing Officer to verify certain aspects related to the assessee's own funds, investments yielding exempt income, and allocation of expenses to the NSEZ unit. The decision was based on the tribunal's observations and the need for further verification in line with relevant case law. Case-Laws Income Tax Mon, 07 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398284