https://www.taxtmi.com/caselaws?id=242680 The appeal was partly allowed, with the disallowance under section 14A being restricted to 5% of the dividend income. The Tribunal found that Rule 8D was not applicable for the assessment year but upheld the disallowance as reasonable, directing the Assessing Officer to make the adjustment based on the Tribunal's determination. en-us Wed, 03 Jul 2013 00:00:00 +0530 Sun, 19 Jan 2014 09:47:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242680 The appeal was partly allowed, with the disallowance under section 14A being restricted to 5% of the dividend income. The Tribunal found that Rule 8D was not applicable for the assessment year but upheld the disallowance as reasonable, directing the Assessing Officer to make the adjustment based on the Tribunal's determination. Case-Laws Income Tax Wed, 03 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242680