https://www.taxtmi.com/caselaws?id=295295 The Tribunal allowed the appeal filed against the CIT(A)'s order for the Assessment Year 2012-13. The disallowance under section 40A(2)(b) of the Income Tax Act was deemed unacceptable due to lack of evidence of excessive payments. The Tribunal directed the Assessing Officer to delete disallowances under section 14A and reconsider matters without making any disallowance under Rule 8D(2)(ii). The issue of interest on unsecured loans was not pressed and dismissed. The appeal was partly allowed for statistical purposes, with the Tribunal emphasizing the necessity of evidence in disallowance cases. en-us Thu, 21 Feb 2019 00:00:00 +0530 Fri, 28 May 2021 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295295 The Tribunal allowed the appeal filed against the CIT(A)'s order for the Assessment Year 2012-13. The disallowance under section 40A(2)(b) of the Income Tax Act was deemed unacceptable due to lack of evidence of excessive payments. The Tribunal directed the Assessing Officer to delete disallowances under section 14A and reconsider matters without making any disallowance under Rule 8D(2)(ii). The issue of interest on unsecured loans was not pressed and dismissed. The appeal was partly allowed for statistical purposes, with the Tribunal emphasizing the necessity of evidence in disallowance cases. Case-Laws Income Tax Thu, 21 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295295