https://www.taxtmi.com/caselaws?id=179704 The Appellate Tribunal ITAT Mumbai allowed the appeal by the assessee, overturning the disallowance under section 14A of the Income Tax Act by applying Rule 8D of the Income Tax Rules, 1962. The Tribunal found merit in the assessee's argument, supported by a previous decision in a similar case, and directed the Assessing Officer to delete the additions. The appeal was allowed in favor of the assessee, rendering the alternative plea moot. en-us Wed, 20 Nov 2013 00:00:00 +0530 Wed, 05 Oct 2016 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179704 The Appellate Tribunal ITAT Mumbai allowed the appeal by the assessee, overturning the disallowance under section 14A of the Income Tax Act by applying Rule 8D of the Income Tax Rules, 1962. The Tribunal found merit in the assessee's argument, supported by a previous decision in a similar case, and directed the Assessing Officer to delete the additions. The appeal was allowed in favor of the assessee, rendering the alternative plea moot. Case-Laws Income Tax Wed, 20 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179704