https://www.taxtmi.com/caselaws?id=304733 The appeal against the disallowance of Rs.6,05,176 under section 14A of the Income Tax Act, 1961 was dismissed by the Tribunal. The disallowance was upheld based on Rule 8D of the Income Tax Rules, post-2008, despite the assessee's argument relying on previous tribunal decisions. The Tribunal emphasized that expenses related to earning exempt income must be disallowed, following the precedent set by the Supreme Court. The order was pronounced on 31st July 2019. en-us Wed, 31 Jul 2019 00:00:00 +0530 Tue, 18 Oct 2022 11:52:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304733 The appeal against the disallowance of Rs.6,05,176 under section 14A of the Income Tax Act, 1961 was dismissed by the Tribunal. The disallowance was upheld based on Rule 8D of the Income Tax Rules, post-2008, despite the assessee's argument relying on previous tribunal decisions. The Tribunal emphasized that expenses related to earning exempt income must be disallowed, following the precedent set by the Supreme Court. The order was pronounced on 31st July 2019. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304733