https://www.taxtmi.com/caselaws?id=439299 The Tribunal upheld the decisions of the CIT(A) in deleting the disallowances made by the Assessing Officer under various grounds, including disallowance under section 14A of the Income Tax Act, disallowance of credit card expenses, and disallowance of interest income not offered to tax. The Tribunal found that no disallowance was warranted as the assessee did not earn any exempt income, failed to substantiate that all credit card expenses were solely for business purposes, and confirmed the disallowance to the extent of the unexplained difference in interest income. en-us Fri, 16 Jun 2023 00:00:00 +0530 Tue, 20 Jun 2023 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439299 The Tribunal upheld the decisions of the CIT(A) in deleting the disallowances made by the Assessing Officer under various grounds, including disallowance under section 14A of the Income Tax Act, disallowance of credit card expenses, and disallowance of interest income not offered to tax. The Tribunal found that no disallowance was warranted as the assessee did not earn any exempt income, failed to substantiate that all credit card expenses were solely for business purposes, and confirmed the disallowance to the extent of the unexplained difference in interest income. Case-Laws Income Tax Fri, 16 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439299