https://www.taxtmi.com/caselaws?id=326190 The Tribunal partly allowed the assessee's appeal concerning prior period expenses and disallowance under section 14A. The Tribunal found the prior period expenses to be of revenue nature and allowed the deduction. Disallowance under section 14A was deleted as Rule 8D was not applicable for the relevant assessment year. The Revenue's appeal was dismissed due to the low tax effect falling below the threshold set by CBDT instructions, with the Tribunal adhering to the guidelines. en-us Wed, 02 Mar 2016 00:00:00 +0530 Fri, 08 Apr 2016 12:19:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326190 The Tribunal partly allowed the assessee's appeal concerning prior period expenses and disallowance under section 14A. The Tribunal found the prior period expenses to be of revenue nature and allowed the deduction. Disallowance under section 14A was deleted as Rule 8D was not applicable for the relevant assessment year. The Revenue's appeal was dismissed due to the low tax effect falling below the threshold set by CBDT instructions, with the Tribunal adhering to the guidelines. Case-Laws Income Tax Wed, 02 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326190