https://www.taxtmi.com/caselaws?id=266143 The appeal was allowed in part for statistical purposes as the Tribunal found that only investments generating income not forming part of the total income should be considered for disallowance under Rule 8D. The inclusion of investment in the Overseas Subsidiary, taxable in India, was deemed incorrect. The Tribunal directed the Assessing Officer to exclude interest costs related to fresh investments from the disallowance calculation under section 14A. The matter was remanded for reworking the disallowance. en-us Fri, 15 May 2015 00:00:00 +0530 Sat, 17 Oct 2015 23:27:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266143 The appeal was allowed in part for statistical purposes as the Tribunal found that only investments generating income not forming part of the total income should be considered for disallowance under Rule 8D. The inclusion of investment in the Overseas Subsidiary, taxable in India, was deemed incorrect. The Tribunal directed the Assessing Officer to exclude interest costs related to fresh investments from the disallowance calculation under section 14A. The matter was remanded for reworking the disallowance. Case-Laws Income Tax Fri, 15 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266143