https://www.taxtmi.com/caselaws?id=255102 The Tribunal partially allowed the appeal, directing the Assessing Officer to adjust the disallowance under Section 14A and the treatment of redemption of debentures. The Tribunal found that Rule 8D was not applicable and instructed the AO to disallow 50% of the total expenditure incurred by the assessee. Additionally, the redemption of debentures was classified as capital gains rather than income from other sources, in line with court precedents. en-us Fri, 10 Oct 2014 00:00:00 +0530 Wed, 07 Jan 2015 20:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255102 The Tribunal partially allowed the appeal, directing the Assessing Officer to adjust the disallowance under Section 14A and the treatment of redemption of debentures. The Tribunal found that Rule 8D was not applicable and instructed the AO to disallow 50% of the total expenditure incurred by the assessee. Additionally, the redemption of debentures was classified as capital gains rather than income from other sources, in line with court precedents. Case-Laws Income Tax Fri, 10 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255102