https://www.taxtmi.com/caselaws?id=178897 The Tribunal set aside the disallowance of fund management fees under section 40A of the IT Act, directing a fresh examination by the Assessing Officer. Regarding the disallowance under section 14A, the Tribunal disagreed with the application of Rule 8D and instructed the AO to determine a reasonable disallowance. The Tribunal directed the AO to allow the set off of carried forward losses and verify the interest calculations under section 234B for compliance. The appeals were treated as allowed for statistical purposes. en-us Wed, 08 Jan 2014 00:00:00 +0530 Tue, 16 Feb 2016 10:16:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178897 The Tribunal set aside the disallowance of fund management fees under section 40A of the IT Act, directing a fresh examination by the Assessing Officer. Regarding the disallowance under section 14A, the Tribunal disagreed with the application of Rule 8D and instructed the AO to determine a reasonable disallowance. The Tribunal directed the AO to allow the set off of carried forward losses and verify the interest calculations under section 234B for compliance. The appeals were treated as allowed for statistical purposes. Case-Laws Income Tax Wed, 08 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178897