https://www.taxtmi.com/caselaws?id=292241 The Tribunal directed the Assessing Officer to restrict the addition to 30% of the total disallowance under section 40(a)(ia) for non-deduction of TDS, following a decision from the ITAT Delhi Bench. Regarding the disallowance under section 14A for exempt income, the Tribunal upheld the CIT(A)'s decision to restrict the disallowance to the amount of exempt income earned by the assessee, in line with established legal principles. The revenue's appeal was dismissed, affirming the restriction of disallowance to the exempt income. en-us Wed, 12 Jun 2019 00:00:00 +0530 Mon, 14 Dec 2020 20:51:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292241 The Tribunal directed the Assessing Officer to restrict the addition to 30% of the total disallowance under section 40(a)(ia) for non-deduction of TDS, following a decision from the ITAT Delhi Bench. Regarding the disallowance under section 14A for exempt income, the Tribunal upheld the CIT(A)'s decision to restrict the disallowance to the amount of exempt income earned by the assessee, in line with established legal principles. The revenue's appeal was dismissed, affirming the restriction of disallowance to the exempt income. Case-Laws Income Tax Wed, 12 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292241