https://www.taxtmi.com/caselaws?id=303196 The appeal was filed by the Assessee against the Dispute Resolution Panel-II's order for the assessment year 2006-07, specifically challenging the disallowance under section 14A of the Income Tax Act related to earning dividend income. The Tribunal, relying on a previous decision in the Assessee's case for assessment years 2004-05 and 2005-06, directed the Assessing Officer to disallow 2% of the exempt income as expenses attributable to earning dividend income. Consequently, the appeal was partly allowed, and the decision was rendered on May 19, 2017. en-us Fri, 19 May 2017 00:00:00 +0530 Fri, 08 Jul 2022 09:32:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303196 The appeal was filed by the Assessee against the Dispute Resolution Panel-II's order for the assessment year 2006-07, specifically challenging the disallowance under section 14A of the Income Tax Act related to earning dividend income. The Tribunal, relying on a previous decision in the Assessee's case for assessment years 2004-05 and 2005-06, directed the Assessing Officer to disallow 2% of the exempt income as expenses attributable to earning dividend income. Consequently, the appeal was partly allowed, and the decision was rendered on May 19, 2017. Case-Laws Income Tax Fri, 19 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303196