https://www.taxtmi.com/caselaws?id=413230 The Tribunal directed the Assessing Officer to restrict the disallowance under section 14A read with Rule 8D to the actual exempt income of Rs. 4,77,220 received by the Non-Banking Financial Corporation, as per relevant High Court decisions. This decision ensured a fair and accurate computation of the disallowance, emphasizing the importance of considering the actual exempt income in such assessments. en-us Tue, 05 Oct 2021 00:00:00 +0530 Thu, 07 Oct 2021 09:16:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413230 The Tribunal directed the Assessing Officer to restrict the disallowance under section 14A read with Rule 8D to the actual exempt income of Rs. 4,77,220 received by the Non-Banking Financial Corporation, as per relevant High Court decisions. This decision ensured a fair and accurate computation of the disallowance, emphasizing the importance of considering the actual exempt income in such assessments. Case-Laws Income Tax Tue, 05 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413230