https://www.taxtmi.com/caselaws?id=238978 The Tribunal partially allowed the assessee's appeal by directing the Assessing Officer to reevaluate and disallow interest only on the amount of Rs. 13.66 lakhs, used for margin deposits with stockbrokers, rather than the entire loan amount. The disallowance under Section 14A read with Rule 8D was upheld by the Tribunal, confirming the decision of the Commissioner of Income-tax (Appeals) as reasonable and compliant with the relevant provisions. en-us Wed, 02 Jan 2013 00:00:00 +0530 Fri, 01 Nov 2013 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238978 The Tribunal partially allowed the assessee's appeal by directing the Assessing Officer to reevaluate and disallow interest only on the amount of Rs. 13.66 lakhs, used for margin deposits with stockbrokers, rather than the entire loan amount. The disallowance under Section 14A read with Rule 8D was upheld by the Tribunal, confirming the decision of the Commissioner of Income-tax (Appeals) as reasonable and compliant with the relevant provisions. Case-Laws Income Tax Wed, 02 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238978