https://www.taxtmi.com/caselaws?id=299741 The appeal was filed by the Revenue against the reduction of disallowance under section 14A from Rs. 7.39 Crores to Rs. 39,70,832 for Assessment Year 2013-14. The Revenue's appeal was dismissed as the Commissioner of Income Tax (Appeals) decision to limit the disallowance to Rs. 39,70,832, which was 0.5% of the average value of the investment, was upheld. The assessee did not appeal against this disallowance, and the Revenue failed to demonstrate any error in the Commissioner's decision. The judgment was pronounced in Chennai on 4th December 2019. en-us Wed, 04 Dec 2019 00:00:00 +0530 Tue, 28 Dec 2021 08:50:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299741 The appeal was filed by the Revenue against the reduction of disallowance under section 14A from Rs. 7.39 Crores to Rs. 39,70,832 for Assessment Year 2013-14. The Revenue's appeal was dismissed as the Commissioner of Income Tax (Appeals) decision to limit the disallowance to Rs. 39,70,832, which was 0.5% of the average value of the investment, was upheld. The assessee did not appeal against this disallowance, and the Revenue failed to demonstrate any error in the Commissioner's decision. The judgment was pronounced in Chennai on 4th December 2019. Case-Laws Income Tax Wed, 04 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299741