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| The Tax Publishers2019 TaxPub(DT) 7863 (Pune-Trib) INCOME TAX ACT, 1961
Section 14A
AO was directed to restrict disallowance under section 14A to the extent of exempt income earned during the year.
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Disallowance under section 14A - Expenditure against exempt income - Disallowance in excess of exempt income made by AO -
AO made disallowance under section 14A in excess of exempt income earned by assessee.Held: AO was directed to restrict disallowance under section 14A to the extent of exempt income earned during the year.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2010-11
INCOME TAX ACT, 1961
Section 80-IB(10)
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