https://www.taxtmi.com/caselaws?id=257462 The Tribunal partly allowed the Revenue's appeal, sustaining the disallowance of Rs. 8,636/- under Rule 8D(2)(iii) while upholding the CIT(A)'s decisions on other issues. The judgment emphasized establishing a clear nexus between disallowed expenses and tax-exempt income and recognized the sufficiency of interest-free funds in determining the validity of disallowances. en-us Thu, 29 Jan 2015 00:00:00 +0530 Fri, 13 Mar 2015 08:10:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257462 The Tribunal partly allowed the Revenue's appeal, sustaining the disallowance of Rs. 8,636/- under Rule 8D(2)(iii) while upholding the CIT(A)'s decisions on other issues. The judgment emphasized establishing a clear nexus between disallowed expenses and tax-exempt income and recognized the sufficiency of interest-free funds in determining the validity of disallowances. Case-Laws Income Tax Thu, 29 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257462