https://www.taxtmi.com/caselaws?id=214660 The Tribunal upheld the disallowance of 10% of dividend income for assessment years 2005-06 to 2007-08, finding the expenditure allocation fair. For assessment year 2009-10, the Tribunal restored the Assessing Officer's disallowance under Rule 8D, emphasizing its mandatory application, despite the Commissioner of Income Tax (Appeals) reducing the disallowance amount. en-us Wed, 30 May 2012 00:00:00 +0530 Tue, 03 Jul 2012 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214660 The Tribunal upheld the disallowance of 10% of dividend income for assessment years 2005-06 to 2007-08, finding the expenditure allocation fair. For assessment year 2009-10, the Tribunal restored the Assessing Officer's disallowance under Rule 8D, emphasizing its mandatory application, despite the Commissioner of Income Tax (Appeals) reducing the disallowance amount. Case-Laws Income Tax Wed, 30 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214660