https://www.taxtmi.com/caselaws?id=245923 The case involved disputes regarding disallowance under section 14A of the Income Tax Act, applicability of Rule 8D for disallowance calculation, and addition made by the AO while computing book profits. The Tribunal directed the AO to apply the average cost of funds method for disallowance, remitted the issue of determining reasonable disallowance back to the AO, and decided in favor of the assessee regarding the addition to book profits. The appeal filed by the assessee was partially allowed, with some grounds allowed for statistical purposes. en-us Wed, 02 Apr 2014 00:00:00 +0530 Sat, 12 Apr 2014 12:31:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245923 The case involved disputes regarding disallowance under section 14A of the Income Tax Act, applicability of Rule 8D for disallowance calculation, and addition made by the AO while computing book profits. The Tribunal directed the AO to apply the average cost of funds method for disallowance, remitted the issue of determining reasonable disallowance back to the AO, and decided in favor of the assessee regarding the addition to book profits. The appeal filed by the assessee was partially allowed, with some grounds allowed for statistical purposes. Case-Laws Income Tax Wed, 02 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245923