https://www.taxtmi.com/caselaws?id=406090 The Tribunal allowed the Assessee's appeal, finding that the order passed by the Principal Commissioner of Income Tax was barred by limitation and that the assessment order was not erroneous regarding the disallowance under section 14A. The Tribunal held that the disallowance under section 14A should not exceed the exempt income earned, ultimately ruling in favor of the Assessee on all grounds. en-us Mon, 22 Mar 2021 00:00:00 +0530 Tue, 06 Apr 2021 08:51:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406090 The Tribunal allowed the Assessee's appeal, finding that the order passed by the Principal Commissioner of Income Tax was barred by limitation and that the assessment order was not erroneous regarding the disallowance under section 14A. The Tribunal held that the disallowance under section 14A should not exceed the exempt income earned, ultimately ruling in favor of the Assessee on all grounds. Case-Laws Income Tax Mon, 22 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406090