https://www.taxtmi.com/caselaws?id=271489 The Tribunal dismissed all three appeals filed by the Revenue. The disallowance under Section 14A read with Rule 8D was deleted as Rule 8D was not applicable for AY 2007-08. The penalties under Section 271(1)(c) were deleted as the Assessee had made a bona fide claim, and the additional disallowance was based on a different interpretation of the law, not amounting to furnishing inaccurate particulars. en-us Fri, 08 Jan 2016 00:00:00 +0530 Sat, 06 Feb 2016 15:05:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271489 The Tribunal dismissed all three appeals filed by the Revenue. The disallowance under Section 14A read with Rule 8D was deleted as Rule 8D was not applicable for AY 2007-08. The penalties under Section 271(1)(c) were deleted as the Assessee had made a bona fide claim, and the additional disallowance was based on a different interpretation of the law, not amounting to furnishing inaccurate particulars. Case-Laws Income Tax Fri, 08 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271489