https://www.taxtmi.com/caselaws?id=236975 The Tribunal allowed the assessee's appeal for statistical purposes, remanding both issues back to the Assessing Officer for fresh consideration based on higher court guidelines. The disallowance under Section 14A read with Rule 8D was to be re-evaluated, emphasizing the need for the AO to determine actual expenditure related to exempt income. Similarly, the disallowance of foreign travel expenses was to be reviewed, with the Tribunal directing the assessee to provide evidence establishing the business purpose of the expenses. en-us Fri, 23 Aug 2013 00:00:00 +0530 Sat, 14 Sep 2013 10:34:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236975 The Tribunal allowed the assessee's appeal for statistical purposes, remanding both issues back to the Assessing Officer for fresh consideration based on higher court guidelines. The disallowance under Section 14A read with Rule 8D was to be re-evaluated, emphasizing the need for the AO to determine actual expenditure related to exempt income. Similarly, the disallowance of foreign travel expenses was to be reviewed, with the Tribunal directing the assessee to provide evidence establishing the business purpose of the expenses. Case-Laws Income Tax Fri, 23 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236975