https://www.taxtmi.com/caselaws?id=440103 The appeal challenging the order of the Ld. Commissioner of Income Tax (Appeals) regarding the disallowance of expenses under Section 14A r.w.s. 8D for A.Y. 2014-15 was partly allowed. The Tribunal considered the substantial investments in Mutual Funds and interest expenditure incurred by the assessee, noting the involvement of top executives and use of office resources in investment activities, justifying a higher disallowance. Referring to a previous case, the Tribunal restricted the disallowance under administrative expenditure to Rs. 4,37,612, resulting in the partial allowance of the appeal by the assessee. en-us Wed, 05 Jul 2023 00:00:00 +0530 Mon, 10 Jul 2023 07:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440103 The appeal challenging the order of the Ld. Commissioner of Income Tax (Appeals) regarding the disallowance of expenses under Section 14A r.w.s. 8D for A.Y. 2014-15 was partly allowed. The Tribunal considered the substantial investments in Mutual Funds and interest expenditure incurred by the assessee, noting the involvement of top executives and use of office resources in investment activities, justifying a higher disallowance. Referring to a previous case, the Tribunal restricted the disallowance under administrative expenditure to Rs. 4,37,612, resulting in the partial allowance of the appeal by the assessee. Case-Laws Income Tax Wed, 05 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440103