https://www.taxtmi.com/caselaws?id=412297 The Tribunal condoned the delay in filing the appeal, noting the absence of deliberate intent. Regarding the disallowance under Section 14A, the Tribunal remanded the issue for fresh consideration, allowing the assessee to submit additional evidence on the source of funds for investments. The disallowance under Section 14A was set aside for reevaluation due to a lack of identification of expenses attributable to earning exempt income. The appeal was allowed for statistical purposes, emphasizing the importance of substantiating claims in tax assessments. en-us Wed, 08 Sep 2021 00:00:00 +0530 Wed, 15 Sep 2021 09:01:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412297 The Tribunal condoned the delay in filing the appeal, noting the absence of deliberate intent. Regarding the disallowance under Section 14A, the Tribunal remanded the issue for fresh consideration, allowing the assessee to submit additional evidence on the source of funds for investments. The disallowance under Section 14A was set aside for reevaluation due to a lack of identification of expenses attributable to earning exempt income. The appeal was allowed for statistical purposes, emphasizing the importance of substantiating claims in tax assessments. Case-Laws Income Tax Wed, 08 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412297