https://www.taxtmi.com/caselaws?id=261868 The ITAT partially allowed the appeals of the assessee regarding the disallowance of interest expenditure under section 14A of the Income Tax Act for AYs 2008-09 and 2009-10. The ITAT directed the AO to calculate the disallowance at 0.5% of the total average investment under Rule 8D(2)(iii) for both assessment years. The decision was rendered on 22nd July 2015 by the ITAT Hyderabad. en-us Wed, 22 Jul 2015 00:00:00 +0530 Sat, 25 Jul 2015 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261868 The ITAT partially allowed the appeals of the assessee regarding the disallowance of interest expenditure under section 14A of the Income Tax Act for AYs 2008-09 and 2009-10. The ITAT directed the AO to calculate the disallowance at 0.5% of the total average investment under Rule 8D(2)(iii) for both assessment years. The decision was rendered on 22nd July 2015 by the ITAT Hyderabad. Case-Laws Income Tax Wed, 22 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261868