https://www.taxtmi.com/caselaws?id=266587 The tribunal partly allowed the appellant's appeal, condoning the delay in filing the appeal and upholding the disallowance of expenditure under S.14A read with Rule 8D. The tribunal ruled that the disallowed amount of &8377; 2,41,59,811 cannot be capitalized in the future and the appellant is not eligible for depreciation on that amount. They directed the Assessing Officer to reevaluate the disallowed amount based on the appellant's income. en-us Fri, 19 Jun 2015 00:00:00 +0530 Thu, 22 Oct 2015 15:04:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266587 The tribunal partly allowed the appellant's appeal, condoning the delay in filing the appeal and upholding the disallowance of expenditure under S.14A read with Rule 8D. The tribunal ruled that the disallowed amount of &8377; 2,41,59,811 cannot be capitalized in the future and the appellant is not eligible for depreciation on that amount. They directed the Assessing Officer to reevaluate the disallowed amount based on the appellant's income. Case-Laws Income Tax Fri, 19 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266587