https://www.taxtmi.com/caselaws?id=261141 The Appellate Tribunal addressed challenges regarding disallowance under Section 14A and computation of rebate under Section 88E of the Income Tax Act, 1961. The Tribunal partially allowed the appeal, remitting the matters back to the Assessing Officer for fresh calculations based on considerations outlined in the judgment. The Tribunal emphasized the need for a thorough assessment, including the use of borrowed funds for investments and the applicability of Section 87(2) in determining the rebate amount. The issue of interest under Sections 234B and 234C was not conclusively addressed in the judgment. en-us Wed, 01 Aug 2012 00:00:00 +0530 Wed, 01 Jul 2015 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261141 The Appellate Tribunal addressed challenges regarding disallowance under Section 14A and computation of rebate under Section 88E of the Income Tax Act, 1961. The Tribunal partially allowed the appeal, remitting the matters back to the Assessing Officer for fresh calculations based on considerations outlined in the judgment. The Tribunal emphasized the need for a thorough assessment, including the use of borrowed funds for investments and the applicability of Section 87(2) in determining the rebate amount. The issue of interest under Sections 234B and 234C was not conclusively addressed in the judgment. Case-Laws Income Tax Wed, 01 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261141