https://www.taxtmi.com/caselaws?id=297736 The Tribunal partially allowed the assessee's appeal for the assessment year 2010-11, dismissed the Revenue's appeal for the same year, and allowed the assessee's appeal for the assessment year 2011-12. The Tribunal held that disallowance under section 14A cannot exceed the exempt income earned and that the assessee should not be penalized for delay in TDS deduction when the deductee has paid the tax. en-us Tue, 21 Jun 2016 00:00:00 +0530 Tue, 21 Sep 2021 08:23:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297736 The Tribunal partially allowed the assessee's appeal for the assessment year 2010-11, dismissed the Revenue's appeal for the same year, and allowed the assessee's appeal for the assessment year 2011-12. The Tribunal held that disallowance under section 14A cannot exceed the exempt income earned and that the assessee should not be penalized for delay in TDS deduction when the deductee has paid the tax. Case-Laws Income Tax Tue, 21 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297736