https://www.taxtmi.com/caselaws?id=405327 The Tribunal upheld the ld. CIT(A)'s decision to delete the disallowance u/s. 14A, emphasizing the necessity of a clear relationship between expenditure and exempt income. Additionally, the Tribunal dismissed the revenue's appeal regarding the treatment of lease rentals, affirming that changing the income head was immaterial without impacting revenue. The judgment, issued on 05/03/2021, favored the appellant in both aspects, declining to interfere with the lower authorities' orders. en-us Fri, 05 Mar 2021 00:00:00 +0530 Thu, 18 Mar 2021 09:31:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405327 The Tribunal upheld the ld. CIT(A)'s decision to delete the disallowance u/s. 14A, emphasizing the necessity of a clear relationship between expenditure and exempt income. Additionally, the Tribunal dismissed the revenue's appeal regarding the treatment of lease rentals, affirming that changing the income head was immaterial without impacting revenue. The judgment, issued on 05/03/2021, favored the appellant in both aspects, declining to interfere with the lower authorities' orders. Case-Laws Income Tax Fri, 05 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405327