https://www.taxtmi.com/caselaws?id=251765 The High Court upheld the Income Tax Appellate Tribunal's decision to confirm a disallowance of Rs. 96,000 under Section 14A of the Income Tax Act for the assessment year 2008-09. The Tribunal's application of Rule 8D to compute the disallowance was deemed appropriate, with the Court concluding that no substantial question of law arose from the case. The appeal was dismissed, affirming the Tribunal's decision on the disallowance and book profit computation under Section 115JB, with no costs awarded. en-us Mon, 01 Sep 2014 00:00:00 +0530 Thu, 14 May 2015 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251765 The High Court upheld the Income Tax Appellate Tribunal's decision to confirm a disallowance of Rs. 96,000 under Section 14A of the Income Tax Act for the assessment year 2008-09. The Tribunal's application of Rule 8D to compute the disallowance was deemed appropriate, with the Court concluding that no substantial question of law arose from the case. The appeal was dismissed, affirming the Tribunal's decision on the disallowance and book profit computation under Section 115JB, with no costs awarded. Case-Laws Income Tax Mon, 01 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251765