https://www.taxtmi.com/caselaws?id=314212 The HC dismissed the revenue's appeal concerning the disallowance under Section 14A of the Income-tax Act for Assessment Year 2015-16, ruling that the disallowance cannot exceed the exempt income earned by the assessee. The decision was based on established precedents, and no substantial question of law was found. Consequently, the appeal and pending applications were closed as infructuous. en-us Wed, 13 Dec 2023 00:00:00 +0530 Fri, 24 May 2024 20:07:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314212 The HC dismissed the revenue's appeal concerning the disallowance under Section 14A of the Income-tax Act for Assessment Year 2015-16, ruling that the disallowance cannot exceed the exempt income earned by the assessee. The decision was based on established precedents, and no substantial question of law was found. Consequently, the appeal and pending applications were closed as infructuous. Case-Laws Income Tax Wed, 13 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314212