https://www.taxtmi.com/caselaws?id=177558 The Tribunal upheld the validity of the reopening under Section 148 for A.Y. 2001-02. The Tribunal allowed the assessee's appeals regarding the disallowance of interest under Section 40A(2)(b), deeming the interest rate of 18% reasonable. The Tribunal confirmed the disallowance under Section 14A for A.Y. 2007-08, supporting the A.O.'s application of Rule 8D. Assessee's appeals for A.Y. 2001-02 partly allowed, and for A.Y. 2003-04, 2004-05, 2005-06, and 2006-07 allowed. Assessee's C.O. for A.Y. 2007-08 partly allowed. Revenue's appeals for A.Y. 2001-02, 2003-04, 2004-05, 2005-06, 2006-07, and 2007-08 dismissed. en-us Fri, 29 Nov 2013 00:00:00 +0530 Tue, 13 Sep 2016 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177558 The Tribunal upheld the validity of the reopening under Section 148 for A.Y. 2001-02. The Tribunal allowed the assessee's appeals regarding the disallowance of interest under Section 40A(2)(b), deeming the interest rate of 18% reasonable. The Tribunal confirmed the disallowance under Section 14A for A.Y. 2007-08, supporting the A.O.'s application of Rule 8D. Assessee's appeals for A.Y. 2001-02 partly allowed, and for A.Y. 2003-04, 2004-05, 2005-06, and 2006-07 allowed. Assessee's C.O. for A.Y. 2007-08 partly allowed. Revenue's appeals for A.Y. 2001-02, 2003-04, 2004-05, 2005-06, 2006-07, and 2007-08 dismissed. Case-Laws Income Tax Fri, 29 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177558