https://www.taxtmi.com/caselaws?id=326005 The tribunal upheld the Revenue's application of Rule 8D(2)(ii) and 8D(2)(iii) for disallowance computation, subject to adjustments for interest on FDRs. The tribunal confirmed the statutory prescription for disallowing indirect administrative expenses under Rule 8D(2)(iii). The assessee's appeal was partly allowed for statistical purposes, with adjustments as directed. en-us Wed, 17 Feb 2016 00:00:00 +0530 Mon, 04 Apr 2016 09:11:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326005 The tribunal upheld the Revenue's application of Rule 8D(2)(ii) and 8D(2)(iii) for disallowance computation, subject to adjustments for interest on FDRs. The tribunal confirmed the statutory prescription for disallowing indirect administrative expenses under Rule 8D(2)(iii). The assessee's appeal was partly allowed for statistical purposes, with adjustments as directed. Case-Laws Income Tax Wed, 17 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326005