https://www.taxtmi.com/caselaws?id=333966 The Tribunal partly allowed the appeal for the assessment year 2008-09 and fully allowed the appeal for the assessment year 2009-10. It held that the disallowance under Section 14A read with Rule 8D should be restricted to the amount of exempt income, and the interest claimed under Section 36(1)(iii) should be allowed as it was for business purposes. The issue of share issue expenses was not pressed and thus determined against the revenue. en-us Tue, 30 Aug 2016 00:00:00 +0530 Sat, 29 Oct 2016 11:15:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333966 The Tribunal partly allowed the appeal for the assessment year 2008-09 and fully allowed the appeal for the assessment year 2009-10. It held that the disallowance under Section 14A read with Rule 8D should be restricted to the amount of exempt income, and the interest claimed under Section 36(1)(iii) should be allowed as it was for business purposes. The issue of share issue expenses was not pressed and thus determined against the revenue. Case-Laws Income Tax Tue, 30 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333966