https://www.taxtmi.com/caselaws?id=412298 The Tribunal ruled in favor of the assessee on both issues. It set aside the CIT(A)'s order regarding disallowance under section 14A of the Income Tax Act, limiting the disallowance to the exempt income earned. Additionally, the Tribunal allowed the deduction of Education Cess under the Finance Act, directing the AO to permit the deduction for Education Cess paid by the assessee. en-us Wed, 08 Sep 2021 00:00:00 +0530 Tue, 14 Sep 2021 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412298 The Tribunal ruled in favor of the assessee on both issues. It set aside the CIT(A)'s order regarding disallowance under section 14A of the Income Tax Act, limiting the disallowance to the exempt income earned. Additionally, the Tribunal allowed the deduction of Education Cess under the Finance Act, directing the AO to permit the deduction for Education Cess paid by the assessee. Case-Laws Income Tax Wed, 08 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412298