https://www.taxtmi.com/caselaws?id=294861 The Tribunal partially allowed the appeal against the order of Ld CIT(A)-XI, New Delhi for the assessment year 2006-07, regarding the disallowance under section 14A of the Income Tax Act, 1961 against dividend income. The Tribunal directed the Assessing Officer to limit the disallowance to 10% of the dividend income due to the small amount in dispute, avoiding unnecessary delays. The decision emphasized the application of section 14A and Rule 8D in tax assessments, highlighting the importance of reasonableness and justice in such matters. en-us Tue, 26 Oct 2010 00:00:00 +0530 Thu, 06 May 2021 17:07:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294861 The Tribunal partially allowed the appeal against the order of Ld CIT(A)-XI, New Delhi for the assessment year 2006-07, regarding the disallowance under section 14A of the Income Tax Act, 1961 against dividend income. The Tribunal directed the Assessing Officer to limit the disallowance to 10% of the dividend income due to the small amount in dispute, avoiding unnecessary delays. The decision emphasized the application of section 14A and Rule 8D in tax assessments, highlighting the importance of reasonableness and justice in such matters. Case-Laws Income Tax Tue, 26 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294861