https://www.taxtmi.com/caselaws?id=183461 The Tribunal allowed both the Revenue's and the assessee's appeals for statistical purposes, setting aside the orders of the Commissioner (Appeals) and remanding the matters back to the Assessing Officer for fresh consideration in accordance with the law. The disallowance of expenditure made under section 14A of the Income Tax Act for assessment years 2007-08 and 2008-09 was the focal point of the judgment. The Tribunal held that Rule-8D cannot be applied for disallowance under section 14A for the assessment year 2007-08. en-us Mon, 28 Jan 2013 00:00:00 +0530 Fri, 10 Jun 2016 12:31:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183461 The Tribunal allowed both the Revenue's and the assessee's appeals for statistical purposes, setting aside the orders of the Commissioner (Appeals) and remanding the matters back to the Assessing Officer for fresh consideration in accordance with the law. The disallowance of expenditure made under section 14A of the Income Tax Act for assessment years 2007-08 and 2008-09 was the focal point of the judgment. The Tribunal held that Rule-8D cannot be applied for disallowance under section 14A for the assessment year 2007-08. Case-Laws Income Tax Mon, 28 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183461