https://www.taxtmi.com/caselaws?id=180550 The Revenue's appeal for the assessment year 2005-06, challenging the CIT(A) order regarding the set off of loss of an Export Oriented Unit (EOU) against profits of other units and the deletion of disallowance under section 14A, was partly allowed. The Assessing Officer's disallowance of the set off was overturned based on section 10A provisions, precedents, and CBDT Circular No. 7/2003. The Tribunal upheld the CIT(A) decision. Additionally, the Tribunal directed the Assessing Officer to recompute the disallowance under section 14A in accordance with Rule 8D, following the Special Bench decision in Income Tax Officer vs. M/s Daga Capital Management Pvt. Ltd. en-us Fri, 20 Mar 2009 00:00:00 +0530 Tue, 29 Mar 2016 15:27:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180550 The Revenue's appeal for the assessment year 2005-06, challenging the CIT(A) order regarding the set off of loss of an Export Oriented Unit (EOU) against profits of other units and the deletion of disallowance under section 14A, was partly allowed. The Assessing Officer's disallowance of the set off was overturned based on section 10A provisions, precedents, and CBDT Circular No. 7/2003. The Tribunal upheld the CIT(A) decision. Additionally, the Tribunal directed the Assessing Officer to recompute the disallowance under section 14A in accordance with Rule 8D, following the Special Bench decision in Income Tax Officer vs. M/s Daga Capital Management Pvt. Ltd. Case-Laws Income Tax Fri, 20 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180550