https://www.taxtmi.com/caselaws?id=410636 The Tribunal partly allowed the Revenue's appeal for statistical purposes, directing the AO to verify the availability of own funds for disallowance under Section 14A and to restrict the disallowance to the extent of exempt income earned. The Tribunal upheld the CIT(A)'s deletion of the disallowance of the commission paid to the Managing Director under Section 36(1)(ii). en-us Wed, 28 Jul 2021 00:00:00 +0530 Thu, 05 Aug 2021 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410636 The Tribunal partly allowed the Revenue's appeal for statistical purposes, directing the AO to verify the availability of own funds for disallowance under Section 14A and to restrict the disallowance to the extent of exempt income earned. The Tribunal upheld the CIT(A)'s deletion of the disallowance of the commission paid to the Managing Director under Section 36(1)(ii). Case-Laws Income Tax Wed, 28 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410636