https://www.taxtmi.com/caselaws?id=325128 The Tribunal partly allowed the Assessee's appeal and dismissed the Revenue's appeal regarding cross appeals against the CIT(Appeals) order for the Assessment Year 2009-10. The disallowance under section 14A read with Rule 8D(2)(iii) was upheld, with certain investments excluded. The Tribunal agreed with the Assessee on the issue of interest disallowance, referencing relevant case law. The Revenue's challenge regarding exclusion of certain investments was also dismissed, directing a re-computation of the disallowance. The judgment was pronounced on 29th January 2016. en-us Fri, 29 Jan 2016 00:00:00 +0530 Wed, 09 Mar 2016 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325128 The Tribunal partly allowed the Assessee's appeal and dismissed the Revenue's appeal regarding cross appeals against the CIT(Appeals) order for the Assessment Year 2009-10. The disallowance under section 14A read with Rule 8D(2)(iii) was upheld, with certain investments excluded. The Tribunal agreed with the Assessee on the issue of interest disallowance, referencing relevant case law. The Revenue's challenge regarding exclusion of certain investments was also dismissed, directing a re-computation of the disallowance. The judgment was pronounced on 29th January 2016. Case-Laws Income Tax Fri, 29 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325128