https://www.taxtmi.com/caselaws?id=181512 The Tribunal ruled in favor of the appellant, a banking business, in a case involving disallowances, deductions, and losses under the Income Tax Act. The Tribunal directed the Assessing Officer to re-examine the disallowance under section 14A based on the fund position, limited the expenditure disallowance under Rule 8D(2)(iii) for investment-related expenses, upheld the Commissioner's decision on deduction claimed under section 35D, and allowed the appellant's appeal regarding the disallowance of loss from re-valuation of securities, dismissing the Revenue's appeal. en-us Fri, 01 Jan 2016 00:00:00 +0530 Sat, 30 Apr 2016 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181512 The Tribunal ruled in favor of the appellant, a banking business, in a case involving disallowances, deductions, and losses under the Income Tax Act. The Tribunal directed the Assessing Officer to re-examine the disallowance under section 14A based on the fund position, limited the expenditure disallowance under Rule 8D(2)(iii) for investment-related expenses, upheld the Commissioner's decision on deduction claimed under section 35D, and allowed the appellant's appeal regarding the disallowance of loss from re-valuation of securities, dismissing the Revenue's appeal. Case-Laws Income Tax Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181512