https://www.taxtmi.com/caselaws?id=412748 The Appellate Tribunal ITAT Bangalore partially allowed the appeals filed by the assessee for the assessment years under consideration. The Tribunal directed the Assessing Officer to recompute the disallowances under section 10(1) and restrict the disallowance under section 14A to the extent of dividend income earned by the assessee. The judgment emphasized the significance of adhering to High Court directions and principles in deciding deductions and disallowances under the Income Tax Act. en-us Thu, 23 Sep 2021 00:00:00 +0530 Sat, 25 Sep 2021 09:36:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412748 The Appellate Tribunal ITAT Bangalore partially allowed the appeals filed by the assessee for the assessment years under consideration. The Tribunal directed the Assessing Officer to recompute the disallowances under section 10(1) and restrict the disallowance under section 14A to the extent of dividend income earned by the assessee. The judgment emphasized the significance of adhering to High Court directions and principles in deciding deductions and disallowances under the Income Tax Act. Case-Laws Income Tax Thu, 23 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412748