https://www.taxtmi.com/caselaws?id=271491 The Tribunal partly allowed the appeal, deleting the Arm's Length Price (ALP) adjustment of Rs. 74,20,785, directing recomputation of the disallowance under section 14A, and remitting the disallowance of Rs. 3,98,750 as capital expenditure for fresh adjudication. The Tribunal found the ALP adjustment unjustified, ruled that Rule 8D should only apply to common interest expenses for section 14A disallowance, and required further clarification on the nature of the capital expenditure. en-us Fri, 08 Jan 2016 00:00:00 +0530 Wed, 10 Apr 2019 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271491 The Tribunal partly allowed the appeal, deleting the Arm's Length Price (ALP) adjustment of Rs. 74,20,785, directing recomputation of the disallowance under section 14A, and remitting the disallowance of Rs. 3,98,750 as capital expenditure for fresh adjudication. The Tribunal found the ALP adjustment unjustified, ruled that Rule 8D should only apply to common interest expenses for section 14A disallowance, and required further clarification on the nature of the capital expenditure. Case-Laws Income Tax Fri, 08 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271491