https://www.taxtmi.com/caselaws?id=204272 The Tribunal partly allowed the appeal, remanding the matter to the AO for a fresh determination of the disallowance related to exempt income, consistent with the jurisdictional High Court's guidelines. The Tribunal emphasized that Rule 8D is not applicable for the assessment year under consideration, but the AO must still determine any related expenditure using a reasonable method. en-us Fri, 08 Oct 2010 00:00:00 +0530 Thu, 09 Jun 2011 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204272 The Tribunal partly allowed the appeal, remanding the matter to the AO for a fresh determination of the disallowance related to exempt income, consistent with the jurisdictional High Court's guidelines. The Tribunal emphasized that Rule 8D is not applicable for the assessment year under consideration, but the AO must still determine any related expenditure using a reasonable method. Case-Laws Income Tax Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204272