https://www.taxtmi.com/caselaws?id=244429 The Tribunal partially allowed the assessee's appeal, directing the Assessing Officer to reexamine the disallowance under section 14A without applying Rule 8D for that assessment year. Additionally, adjustments for CENVAT credit in the valuation of stock were required to be made in opening stock, purchases, and closing stock as per relevant court decisions and section 145A of the Income Tax Act. The Tribunal partly allowed this ground of the assessee, emphasizing the need for adjustments based on tax, duty, or fees actually paid or incurred. en-us Wed, 12 Feb 2014 00:00:00 +0530 Wed, 26 Feb 2014 08:17:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244429 The Tribunal partially allowed the assessee's appeal, directing the Assessing Officer to reexamine the disallowance under section 14A without applying Rule 8D for that assessment year. Additionally, adjustments for CENVAT credit in the valuation of stock were required to be made in opening stock, purchases, and closing stock as per relevant court decisions and section 145A of the Income Tax Act. The Tribunal partly allowed this ground of the assessee, emphasizing the need for adjustments based on tax, duty, or fees actually paid or incurred. Case-Laws Income Tax Wed, 12 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244429