https://www.taxtmi.com/caselaws?id=403448 The Tribunal upheld the decision of the ld. CIT(A) in a case concerning disallowance under section 14A of the Income Tax Act, 1961. The Revenue's appeal, challenging the restricted disallowance made by the Assessing Officer, was dismissed. The Tribunal ruled that the disallowance under section 14A should not exceed the amount of exempt income earned by the assessee, in line with previous judicial decisions and precedents, including those from the Hon'ble Delhi High Court. en-us Thu, 28 Jan 2021 00:00:00 +0530 Fri, 29 Jan 2021 13:32:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403448 The Tribunal upheld the decision of the ld. CIT(A) in a case concerning disallowance under section 14A of the Income Tax Act, 1961. The Revenue's appeal, challenging the restricted disallowance made by the Assessing Officer, was dismissed. The Tribunal ruled that the disallowance under section 14A should not exceed the amount of exempt income earned by the assessee, in line with previous judicial decisions and precedents, including those from the Hon'ble Delhi High Court. Case-Laws Income Tax Thu, 28 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403448