https://www.taxtmi.com/caselaws?id=310133 The Tribunal set aside the lower authorities' decision to add Rs. 9,75,979 under section 14A of the Act, directing the Assessing Officer to reassess the case in line with High Court judgments. The Tribunal allowed the appeal for statistical purposes, emphasizing the necessity of scrutinizing accounts before making disallowances under section 14A and clarifying that disallowances should only cover expenses related to tax-exempt income, not the entire income. en-us Tue, 21 Jun 2016 00:00:00 +0530 Sun, 08 Oct 2023 11:06:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310133 The Tribunal set aside the lower authorities' decision to add Rs. 9,75,979 under section 14A of the Act, directing the Assessing Officer to reassess the case in line with High Court judgments. The Tribunal allowed the appeal for statistical purposes, emphasizing the necessity of scrutinizing accounts before making disallowances under section 14A and clarifying that disallowances should only cover expenses related to tax-exempt income, not the entire income. Case-Laws Income Tax Tue, 21 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310133