https://www.taxtmi.com/caselaws?id=295795 The ITAT Hyderabad allowed the appeal of the assessee on November 9, 2018. The disallowance under section 14A was restricted to the extent of exempt income earned by the assessee. The ITAT affirmed the mandatory nature of charging interest under sections 234B and 234C as per the Income Tax Act provisions. The decision clarified the limitations on disallowance and upheld the charging of interest, providing a comprehensive analysis of the legal issues involved. en-us Fri, 09 Nov 2018 00:00:00 +0530 Mon, 21 Jun 2021 09:33:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295795 The ITAT Hyderabad allowed the appeal of the assessee on November 9, 2018. The disallowance under section 14A was restricted to the extent of exempt income earned by the assessee. The ITAT affirmed the mandatory nature of charging interest under sections 234B and 234C as per the Income Tax Act provisions. The decision clarified the limitations on disallowance and upheld the charging of interest, providing a comprehensive analysis of the legal issues involved. Case-Laws Income Tax Fri, 09 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295795