https://www.taxtmi.com/caselaws?id=295859 The Assessee's appeal was allowed, and the Revenue's appeal was dismissed. The Tribunal ruled in favor of the Assessee regarding the disallowance of administrative expenditure under section 14A, stating that the disallowance cannot exceed the exempt income itself. Additionally, the Tribunal held that the charging of interest under sections 234A, 234B, 234C, and 234D was not justified as the exempt income did not exceed the specified amount. en-us Thu, 30 Jan 2020 00:00:00 +0530 Wed, 23 Jun 2021 10:09:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295859 The Assessee's appeal was allowed, and the Revenue's appeal was dismissed. The Tribunal ruled in favor of the Assessee regarding the disallowance of administrative expenditure under section 14A, stating that the disallowance cannot exceed the exempt income itself. Additionally, the Tribunal held that the charging of interest under sections 234A, 234B, 234C, and 234D was not justified as the exempt income did not exceed the specified amount. Case-Laws Income Tax Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295859