https://www.taxtmi.com/caselaws?id=207031 ITAT, New Delhi held that exclusion of interest income attributable to the Dadra and Sambha unit for computing deduction under s.80IB was justified, ruling in favour of revenue on that point. Conversely, the tribunal found the AO's s.14A disallowance unsustainable because Rule 8D was inapplicable for the year and the AO failed to prove any expenditure related to exempt income; the Department's appeal on s.14A was dismissed and the assessee's cross-objections allowed. en-us Fri, 23 Sep 2011 00:00:00 +0530 Wed, 20 Aug 2025 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207031 ITAT, New Delhi held that exclusion of interest income attributable to the Dadra and Sambha unit for computing deduction under s.80IB was justified, ruling in favour of revenue on that point. Conversely, the tribunal found the AO's s.14A disallowance unsustainable because Rule 8D was inapplicable for the year and the AO failed to prove any expenditure related to exempt income; the Department's appeal on s.14A was dismissed and the assessee's cross-objections allowed. Case-Laws Income Tax Fri, 23 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207031