https://www.taxtmi.com/caselaws?id=326790 The Tribunal upheld the CIT(A)'s decisions on the allocation of expenses and treatment of gains and charges, except for the disallowance under section 14A, which was deleted for both assessment years. The Tribunal emphasized the need for clear justification before applying Rule 8D for disallowances under section 14A. The judgment aligned with past practices and judicial precedents, ensuring consistent treatment of expenses and gains in accordance with tax laws and court decisions. en-us Fri, 18 Mar 2016 00:00:00 +0530 Fri, 22 Apr 2016 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326790 The Tribunal upheld the CIT(A)'s decisions on the allocation of expenses and treatment of gains and charges, except for the disallowance under section 14A, which was deleted for both assessment years. The Tribunal emphasized the need for clear justification before applying Rule 8D for disallowances under section 14A. The judgment aligned with past practices and judicial precedents, ensuring consistent treatment of expenses and gains in accordance with tax laws and court decisions. Case-Laws Income Tax Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326790