https://www.taxtmi.com/caselaws?id=414784 The Tribunal directed the Assessing Officer to restrict the disallowance under Section 14A to the exempt income earned, aligning with judicial precedents. The appeal on this ground was allowed. Regarding the addition on account of share premium received under Section 56(2)(viib), the Tribunal found flaws in the valuation method used by the AO and remanded the issue for re-examination in accordance with Rule 11UA. The appeal was partly allowed, with directions for a fresh evaluation. en-us Thu, 28 Oct 2021 00:00:00 +0530 Wed, 17 Nov 2021 08:52:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414784 The Tribunal directed the Assessing Officer to restrict the disallowance under Section 14A to the exempt income earned, aligning with judicial precedents. The appeal on this ground was allowed. Regarding the addition on account of share premium received under Section 56(2)(viib), the Tribunal found flaws in the valuation method used by the AO and remanded the issue for re-examination in accordance with Rule 11UA. The appeal was partly allowed, with directions for a fresh evaluation. Case-Laws Income Tax Thu, 28 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414784