https://www.taxtmi.com/caselaws?id=401362 The Tribunal allowed the appeal, setting aside the order of the ld CIT(A) and directing the AO to delete the additional disallowance made under section 14A. The decision was based on the appellant's argument that the voluntary disallowance already exceeded the dividend income earned, supported by prior rulings where similar disallowances were not upheld. The Tribunal noted that no further disallowance was warranted as the voluntary disallowance surpassed the exempted income, leading to the appeal being allowed on 7th October 2020. en-us Wed, 07 Oct 2020 00:00:00 +0530 Sat, 05 Dec 2020 17:41:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401362 The Tribunal allowed the appeal, setting aside the order of the ld CIT(A) and directing the AO to delete the additional disallowance made under section 14A. The decision was based on the appellant's argument that the voluntary disallowance already exceeded the dividend income earned, supported by prior rulings where similar disallowances were not upheld. The Tribunal noted that no further disallowance was warranted as the voluntary disallowance surpassed the exempted income, leading to the appeal being allowed on 7th October 2020. Case-Laws Income Tax Wed, 07 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401362