https://www.taxtmi.com/caselaws?id=251484 The Tribunal allowed the assessee's claim for both revenue and capital expenditure, overturning the CIT(A)'s disallowance under Section 35(2AB) of the Income Tax Act. Regarding the disallowance made under Section 14A read with Rule 8D, the Tribunal remitted the issue back to the Assessing Officer for proper evaluation of the average value of investments and interest expenditure, directing a fresh examination. The appeal was partly allowed for statistical purposes, with instructions for a fresh consideration on the disallowance under Section 14A and allowance of deductions under Section 35(2AB). en-us Thu, 28 Aug 2014 00:00:00 +0530 Tue, 16 Sep 2014 11:04:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251484 The Tribunal allowed the assessee's claim for both revenue and capital expenditure, overturning the CIT(A)'s disallowance under Section 35(2AB) of the Income Tax Act. Regarding the disallowance made under Section 14A read with Rule 8D, the Tribunal remitted the issue back to the Assessing Officer for proper evaluation of the average value of investments and interest expenditure, directing a fresh examination. The appeal was partly allowed for statistical purposes, with instructions for a fresh consideration on the disallowance under Section 14A and allowance of deductions under Section 35(2AB). Case-Laws Income Tax Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251484