https://www.taxtmi.com/caselaws?id=407884 The Tribunal partly allowed the AO's appeal and dismissed the assessee's appeal, capping the disallowance under Section 14A at the exempt income level. The Tribunal upheld the deletion of disallowances under Sections 40A(2)(b) and for the cost of improvement and brokerage, confirming that the payments were legitimate and justified. The order was pronounced on 24/05/2021. en-us Mon, 24 May 2021 00:00:00 +0530 Tue, 25 May 2021 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407884 The Tribunal partly allowed the AO's appeal and dismissed the assessee's appeal, capping the disallowance under Section 14A at the exempt income level. The Tribunal upheld the deletion of disallowances under Sections 40A(2)(b) and for the cost of improvement and brokerage, confirming that the payments were legitimate and justified. The order was pronounced on 24/05/2021. Case-Laws Income Tax Mon, 24 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407884