https://www.taxtmi.com/caselaws?id=185862 The appeal against the sustaining of disallowance under section 14A of the Income Tax Act and Rule 8D of the Income Tax Rules was heard by ITAT DELHI. The High Court held that the provisions are valid from the assessment year 2008-09 onwards. However, for prior years, the Assessing Officer must determine the expenditure for earning non-taxable income and make a reasonable disallowance. As this was not done, the matter was remanded for appropriate decision. The appeal was treated as allowed for statistical purposes, with the order pronounced on 31.03.2011. en-us Thu, 31 Mar 2011 00:00:00 +0530 Tue, 30 Aug 2016 18:18:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185862 The appeal against the sustaining of disallowance under section 14A of the Income Tax Act and Rule 8D of the Income Tax Rules was heard by ITAT DELHI. The High Court held that the provisions are valid from the assessment year 2008-09 onwards. However, for prior years, the Assessing Officer must determine the expenditure for earning non-taxable income and make a reasonable disallowance. As this was not done, the matter was remanded for appropriate decision. The appeal was treated as allowed for statistical purposes, with the order pronounced on 31.03.2011. Case-Laws Income Tax Thu, 31 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185862