https://www.taxtmi.com/caselaws?id=270844 The Appellate Tribunal recalled its order to adjudicate the alternative ground regarding disallowance under section 14A read with Rule 8D. The Tribunal allowed the assessee's Miscellaneous Petition, acknowledging the oversight in not addressing the alternative ground initially. Subsequently, the Tribunal directed the Assessing Officer to restrict the disallowance to the exempt income claimed by the assessee, resulting in the partial allowance of the assessee's appeal and the dismissal of the Revenue's appeal. en-us Wed, 28 Oct 2015 00:00:00 +0530 Mon, 18 Jan 2016 05:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270844 The Appellate Tribunal recalled its order to adjudicate the alternative ground regarding disallowance under section 14A read with Rule 8D. The Tribunal allowed the assessee's Miscellaneous Petition, acknowledging the oversight in not addressing the alternative ground initially. Subsequently, the Tribunal directed the Assessing Officer to restrict the disallowance to the exempt income claimed by the assessee, resulting in the partial allowance of the assessee's appeal and the dismissal of the Revenue's appeal. Case-Laws Income Tax Wed, 28 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270844