https://www.taxtmi.com/caselaws?id=428194 The Tribunal partly allowed the Assessee's appeal, directing the AO to restrict disallowance under Section 14A to the extent of exempt income earned. The Tribunal also remitted the issue of subsidies back to the AO to determine their nature before making adjustments under Section 115JB. The Revenue Department's appeal was dismissed, affirming the Tribunal's decision in the Assessee's favor. en-us Thu, 22 Sep 2022 00:00:00 +0530 Sat, 24 Sep 2022 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428194 The Tribunal partly allowed the Assessee's appeal, directing the AO to restrict disallowance under Section 14A to the extent of exempt income earned. The Tribunal also remitted the issue of subsidies back to the AO to determine their nature before making adjustments under Section 115JB. The Revenue Department's appeal was dismissed, affirming the Tribunal's decision in the Assessee's favor. Case-Laws Income Tax Thu, 22 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428194