https://www.taxtmi.com/caselaws?id=401637 The Tribunal upheld the CIT(A)'s decision, confirming that the disallowance under Section 14A, read with Rule 8D, should be limited to the actual exempt income of Rs. 4,31,280 earned by the assessee. The Tribunal agreed that the assessee had sufficient own funds for the investments, and the Revenue's appeal was dismissed. en-us Fri, 14 Aug 2020 00:00:00 +0530 Tue, 05 Nov 2024 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401637 The Tribunal upheld the CIT(A)'s decision, confirming that the disallowance under Section 14A, read with Rule 8D, should be limited to the actual exempt income of Rs. 4,31,280 earned by the assessee. The Tribunal agreed that the assessee had sufficient own funds for the investments, and the Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 14 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401637