https://www.taxtmi.com/caselaws?id=408492 The ITAT allowed the appeal, directing the AO to exclude mutual funds not yielding exempt income from disallowance calculation under Sec. 14A r.w. Rule 8D(2)(iii). Additionally, the AO was instructed to reevaluate the addition of &8377;13,758 to the assessee's income based on Form 26AS, providing the assessee an opportunity to substantiate their position. en-us Thu, 25 Feb 2021 00:00:00 +0530 Sat, 12 Jun 2021 08:45:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408492 The ITAT allowed the appeal, directing the AO to exclude mutual funds not yielding exempt income from disallowance calculation under Sec. 14A r.w. Rule 8D(2)(iii). Additionally, the AO was instructed to reevaluate the addition of &8377;13,758 to the assessee's income based on Form 26AS, providing the assessee an opportunity to substantiate their position. Case-Laws Income Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408492