https://www.taxtmi.com/caselaws?id=290533 The Appellate Tribunal ruled in favor of the appellant, a Non-Banking Finance Company, in the case concerning disallowance under section 14A of the Income Tax Act for the assessment year 2008-09. The Tribunal found the appellant's voluntary disallowance of &8377; 4,77,890 to be reasonable and restricted the disallowance to this amount, overturning the decisions of the lower authorities. Consequently, the Tribunal allowed the appeal against the disallowance under section 14A, leading to a favorable outcome for the appellant. en-us Wed, 22 Jan 2014 00:00:00 +0530 Sun, 04 Oct 2020 16:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290533 The Appellate Tribunal ruled in favor of the appellant, a Non-Banking Finance Company, in the case concerning disallowance under section 14A of the Income Tax Act for the assessment year 2008-09. The Tribunal found the appellant's voluntary disallowance of &8377; 4,77,890 to be reasonable and restricted the disallowance to this amount, overturning the decisions of the lower authorities. Consequently, the Tribunal allowed the appeal against the disallowance under section 14A, leading to a favorable outcome for the appellant. Case-Laws Income Tax Wed, 22 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290533