https://www.taxtmi.com/caselaws?id=214896 The department's appeal against the CIT(A)'s order restricting disallowance under Rule 8D of the I.T. Rules was accepted for statistical purposes. The matter was remanded to the Assessing Officer for reconsideration in accordance with the jurisdictional High Court's decision. The Assessing Officer was directed to establish a nexus between expenditure and tax-free income before disallowing under the relevant section. The assessee was granted an opportunity to present their case during the fresh consideration. en-us Tue, 12 Jun 2012 00:00:00 +0530 Thu, 19 Jul 2012 08:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214896 The department's appeal against the CIT(A)'s order restricting disallowance under Rule 8D of the I.T. Rules was accepted for statistical purposes. The matter was remanded to the Assessing Officer for reconsideration in accordance with the jurisdictional High Court's decision. The Assessing Officer was directed to establish a nexus between expenditure and tax-free income before disallowing under the relevant section. The assessee was granted an opportunity to present their case during the fresh consideration. Case-Laws Income Tax Tue, 12 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214896