https://www.taxtmi.com/caselaws?id=238069 The appeal was partly allowed for statistical purposes. The Tribunal directed the Assessing Officer to recompute the disallowance under section 14A without applying Rule 8D for assessment years prior to 2008-2009. The addition due to under-valuation of closing stock of power units was dismissed, emphasizing the application of the same rate for valuation. The disallowance of management fee charged by Kotak Securities Limited was upheld based on precedent. The denial of credit for tax deducted at source was set aside, with instructions for verification and allowance in accordance with the law. en-us Fri, 16 Aug 2013 00:00:00 +0530 Tue, 15 Oct 2013 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238069 The appeal was partly allowed for statistical purposes. The Tribunal directed the Assessing Officer to recompute the disallowance under section 14A without applying Rule 8D for assessment years prior to 2008-2009. The addition due to under-valuation of closing stock of power units was dismissed, emphasizing the application of the same rate for valuation. The disallowance of management fee charged by Kotak Securities Limited was upheld based on precedent. The denial of credit for tax deducted at source was set aside, with instructions for verification and allowance in accordance with the law. Case-Laws Income Tax Fri, 16 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238069