https://www.taxtmi.com/caselaws?id=260748 The appeal was partly allowed, with various issues remanded to the Assessing Officer for fresh consideration. The Tribunal emphasized consistency and adherence to established legal principles, setting aside certain disallowances and directing reassessment based on findings from earlier assessment years and relevant case law. Key points included the exclusion of strategic investments from disallowance under Section 14A, reconsideration of interest expenditure disallowance, reassessment of excessive disallowances under Rule 8D, and reallocation of overheads under Sections 80IB/80IC based on sales ratio. The Tribunal also allowed a higher depreciation rate on certain assets and accepted the aggregation approach for transfer pricing adjustments. en-us Wed, 11 Mar 2015 00:00:00 +0530 Sat, 20 Jun 2015 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260748 The appeal was partly allowed, with various issues remanded to the Assessing Officer for fresh consideration. The Tribunal emphasized consistency and adherence to established legal principles, setting aside certain disallowances and directing reassessment based on findings from earlier assessment years and relevant case law. Key points included the exclusion of strategic investments from disallowance under Section 14A, reconsideration of interest expenditure disallowance, reassessment of excessive disallowances under Rule 8D, and reallocation of overheads under Sections 80IB/80IC based on sales ratio. The Tribunal also allowed a higher depreciation rate on certain assets and accepted the aggregation approach for transfer pricing adjustments. Case-Laws Income Tax Wed, 11 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260748