https://www.taxtmi.com/caselaws?id=326830 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the disallowance under section 14A r/w Rule 8D of the Act. The Tribunal emphasized the application of Rule 8D for determining expenditure related to exempt income and directed the Assessing Officer to follow the prescribed method for calculation. The decision was based on maintaining consistency in determining expenditure incurred in relation to exempt income, leading to the dismissal of the Revenue's appeal. en-us Thu, 07 Apr 2016 00:00:00 +0530 Tue, 26 Apr 2016 10:27:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326830 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the disallowance under section 14A r/w Rule 8D of the Act. The Tribunal emphasized the application of Rule 8D for determining expenditure related to exempt income and directed the Assessing Officer to follow the prescribed method for calculation. The decision was based on maintaining consistency in determining expenditure incurred in relation to exempt income, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Thu, 07 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326830