https://www.taxtmi.com/caselaws?id=257717 The High Court dismissed the revenue's appeal challenging the Income Tax Appellate Tribunal's order on the disallowance of interest computation under Rule 8D for Assessment Year 2007-08. The Court found that the issue had already been decided against the revenue in a previous case involving the same respondent-assessee for Assessment Year 2005-06, where a fair and reasonable disallowance had been set at 2% of exempt income. As no substantial question of law arose, the Court dismissed the appeal without costs. en-us Mon, 09 Mar 2015 00:00:00 +0530 Thu, 19 Mar 2015 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257717 The High Court dismissed the revenue's appeal challenging the Income Tax Appellate Tribunal's order on the disallowance of interest computation under Rule 8D for Assessment Year 2007-08. The Court found that the issue had already been decided against the revenue in a previous case involving the same respondent-assessee for Assessment Year 2005-06, where a fair and reasonable disallowance had been set at 2% of exempt income. As no substantial question of law arose, the Court dismissed the appeal without costs. Case-Laws Income Tax Mon, 09 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257717