https://www.taxtmi.com/caselaws?id=416488 The Tribunal allowed the appeal, directing the assessing officer to delete the disallowance under section 14A amounting to Rs. 2,97,99,176/- due to incorrect calculation and recording of satisfaction. The delay in filing the appeal, attributed to the Covid-19 lockdown, was condoned. The assessing officer's failure to record satisfaction on the claim of no expenditure for earning exempt income led to the reversal of the disallowance decision. The order in favor of the assessee was pronounced on 23.12.2021. en-us Thu, 23 Dec 2021 00:00:00 +0530 Wed, 29 Dec 2021 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416488 The Tribunal allowed the appeal, directing the assessing officer to delete the disallowance under section 14A amounting to Rs. 2,97,99,176/- due to incorrect calculation and recording of satisfaction. The delay in filing the appeal, attributed to the Covid-19 lockdown, was condoned. The assessing officer's failure to record satisfaction on the claim of no expenditure for earning exempt income led to the reversal of the disallowance decision. The order in favor of the assessee was pronounced on 23.12.2021. Case-Laws Income Tax Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416488