https://www.taxtmi.com/caselaws?id=327968 The Court condoned the delay in filing the appeal and disposed of the application. The appeal challenging the ITAT's order on disallowance under Section 14A of the Income Tax Act, 1961 was dismissed. The Court upheld the ITAT's decision to delete the disallowance made by the Assessing Officer using Rule 8D of the Income Tax Rules, 1962, citing binding precedent. The Court rejected arguments that the previous decision was not binding and that Rule 8D was prospective, concluding that no substantial question of law arose and dismissing the appeal. en-us Fri, 13 May 2016 00:00:00 +0530 Tue, 24 May 2016 10:22:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327968 The Court condoned the delay in filing the appeal and disposed of the application. The appeal challenging the ITAT's order on disallowance under Section 14A of the Income Tax Act, 1961 was dismissed. The Court upheld the ITAT's decision to delete the disallowance made by the Assessing Officer using Rule 8D of the Income Tax Rules, 1962, citing binding precedent. The Court rejected arguments that the previous decision was not binding and that Rule 8D was prospective, concluding that no substantial question of law arose and dismissing the appeal. Case-Laws Income Tax Fri, 13 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327968