https://www.taxtmi.com/caselaws?id=292186 The appeal was partly allowed by the Tribunal on 26th September 2012. The Tribunal held that invoking sections 14A/8D for disallowing interest and administrative expenses was incorrect. It found that the disallowance was unwarranted due to the smallness of expenditure and lack of proper application of mind by the authorities. The additions made by the Assessing Officer were deleted, and a partial disallowance of 5% of exempt income was allowed. en-us Wed, 26 Sep 2012 00:00:00 +0530 Thu, 10 Dec 2020 12:45:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292186 The appeal was partly allowed by the Tribunal on 26th September 2012. The Tribunal held that invoking sections 14A/8D for disallowing interest and administrative expenses was incorrect. It found that the disallowance was unwarranted due to the smallness of expenditure and lack of proper application of mind by the authorities. The additions made by the Assessing Officer were deleted, and a partial disallowance of 5% of exempt income was allowed. Case-Laws Income Tax Wed, 26 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292186