https://www.taxtmi.com/caselaws?id=331423 The ITAT partly allowed the assessee's appeals against orders by Ld. CIT (Appeals)-39, Mumbai for AYs 2008-09, 2009-10, and 2010-11 on disallowance under section 14A read with Rule 8D. It directed exclusion of investments generating taxable income and strategic investments from disallowance but rejected exclusion of investments not yielding tax-free income. The AO was instructed to compute disallowance accordingly for all years, maintaining consistency in decisions and providing detailed reasoning for the disallowance computation. en-us Wed, 20 Jul 2016 00:00:00 +0530 Tue, 23 Aug 2016 14:38:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331423 The ITAT partly allowed the assessee's appeals against orders by Ld. CIT (Appeals)-39, Mumbai for AYs 2008-09, 2009-10, and 2010-11 on disallowance under section 14A read with Rule 8D. It directed exclusion of investments generating taxable income and strategic investments from disallowance but rejected exclusion of investments not yielding tax-free income. The AO was instructed to compute disallowance accordingly for all years, maintaining consistency in decisions and providing detailed reasoning for the disallowance computation. Case-Laws Income Tax Wed, 20 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331423