https://www.taxtmi.com/caselaws?id=215795 The Tribunal partially allowed the assessee's appeal, directing a reexamination of the expenditure on interiors and furnishings to determine the nature of each item. The disallowance under Section 40(a)(ia) for non-deduction of tax was deleted as the payments were made during the year without dispute. However, the Tribunal upheld the application of Rule 8D for disallowance of expenditure under Section 14A, in line with a Bombay High Court judgment, dismissing the assessee's grounds on this issue. en-us Thu, 28 Jun 2012 00:00:00 +0530 Sat, 18 Aug 2012 15:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215795 The Tribunal partially allowed the assessee's appeal, directing a reexamination of the expenditure on interiors and furnishings to determine the nature of each item. The disallowance under Section 40(a)(ia) for non-deduction of tax was deleted as the payments were made during the year without dispute. However, the Tribunal upheld the application of Rule 8D for disallowance of expenditure under Section 14A, in line with a Bombay High Court judgment, dismissing the assessee's grounds on this issue. Case-Laws Income Tax Thu, 28 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215795