https://www.taxtmi.com/caselaws?id=400858 The HC upheld the ITAT's decision on two issues: disallowance under Section 14A and the allowability of professional and legal fees. The Court affirmed the limitation of disallowance to the extent of exempt income and recognized the fees as allowable revenue expenditure under Section 37. The appeal by the Revenue was dismissed, with the Court relying on established precedents to support its findings. en-us Thu, 01 Oct 2020 00:00:00 +0530 Mon, 04 Nov 2024 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400858 The HC upheld the ITAT's decision on two issues: disallowance under Section 14A and the allowability of professional and legal fees. The Court affirmed the limitation of disallowance to the extent of exempt income and recognized the fees as allowable revenue expenditure under Section 37. The appeal by the Revenue was dismissed, with the Court relying on established precedents to support its findings. Case-Laws Income Tax Thu, 01 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400858