https://www.taxtmi.com/caselaws?id=178808 The Tribunal dismissed the appeal against the order passed under section 263 of the Income Tax Act for the assessment year 2008-09. The Tribunal found the appeal to be infructuous as the only dispute was related to the computation of the average value of investment, which did not impact the total income. Despite arguments that Rule 8D had been applied during the disallowance under section 14A, the Tribunal upheld the order under section 263, emphasizing the variance in the disallowance computation. The appeal of the assessee was ultimately dismissed by the Tribunal. en-us Fri, 18 Jul 2014 00:00:00 +0530 Sat, 13 Feb 2016 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178808 The Tribunal dismissed the appeal against the order passed under section 263 of the Income Tax Act for the assessment year 2008-09. The Tribunal found the appeal to be infructuous as the only dispute was related to the computation of the average value of investment, which did not impact the total income. Despite arguments that Rule 8D had been applied during the disallowance under section 14A, the Tribunal upheld the order under section 263, emphasizing the variance in the disallowance computation. The appeal of the assessee was ultimately dismissed by the Tribunal. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178808