https://www.taxtmi.com/caselaws?id=420507 The Tribunal dismissed all appeals filed by the Revenue, upholding the CIT(A)'s decisions. The disallowance under section 14A was restricted to the amount of exempt income earned by the assessee. The deletion of disallowance under section 57(iii) was affirmed, as the interest income was fully offered to tax. The disallowance of deemed dividend income under section 2(22)(e) was rejected, as the assessee was not a registered shareholder of the lending companies. The Tribunal found no errors in the CIT(A)'s rulings, and the orders were confirmed on 31st March 2022 in Chennai. en-us Thu, 31 Mar 2022 00:00:00 +0530 Mon, 04 Apr 2022 09:14:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420507 The Tribunal dismissed all appeals filed by the Revenue, upholding the CIT(A)'s decisions. The disallowance under section 14A was restricted to the amount of exempt income earned by the assessee. The deletion of disallowance under section 57(iii) was affirmed, as the interest income was fully offered to tax. The disallowance of deemed dividend income under section 2(22)(e) was rejected, as the assessee was not a registered shareholder of the lending companies. The Tribunal found no errors in the CIT(A)'s rulings, and the orders were confirmed on 31st March 2022 in Chennai. Case-Laws Income Tax Thu, 31 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420507