https://www.taxtmi.com/caselaws?id=434441 The Tribunal allowed the consultancy company's appeal for the assessment years 2013-14 and 2014-15, directing the Assessing Officer to restrict the disallowance under section 14A of the Income Tax Act to the extent of the exempt income earned by the Assessee. The Tribunal emphasized that the disallowance should not exceed the exempt income earned, citing relevant legal precedents. The issue was remitted to the AO for recomputation in line with the Tribunal's directions. en-us Mon, 16 Jan 2023 00:00:00 +0530 Fri, 24 Feb 2023 09:06:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434441 The Tribunal allowed the consultancy company's appeal for the assessment years 2013-14 and 2014-15, directing the Assessing Officer to restrict the disallowance under section 14A of the Income Tax Act to the extent of the exempt income earned by the Assessee. The Tribunal emphasized that the disallowance should not exceed the exempt income earned, citing relevant legal precedents. The issue was remitted to the AO for recomputation in line with the Tribunal's directions. Case-Laws Income Tax Mon, 16 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434441