https://www.taxtmi.com/caselaws?id=463815 ITAT, Pune (AT) held that disallowance under s.14A read with Rule 8D must be restricted to the amount of exempt income. Relying on precedents of the SC and HC, the tribunal directed the s.14A disallowance for AY 2012-13 to be limited to Rs. 62,111 and for AY 2013-14 to Rs. 1,66,283. The assessee's grounds were partly allowed in both appeals. en-us Fri, 21 Feb 2020 00:00:00 +0530 Wed, 17 Sep 2025 19:11:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463815 ITAT, Pune (AT) held that disallowance under s.14A read with Rule 8D must be restricted to the amount of exempt income. Relying on precedents of the SC and HC, the tribunal directed the s.14A disallowance for AY 2012-13 to be limited to Rs. 62,111 and for AY 2013-14 to Rs. 1,66,283. The assessee's grounds were partly allowed in both appeals. Case-Laws Income Tax Fri, 21 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463815