https://www.taxtmi.com/caselaws?id=334636 The Tribunal allowed the assessee's appeal, restricting the disallowance under Section 14A read with Rule 8D to Rs. 85,823 and excluding the investment in a foreign subsidiary from the computation. The Tribunal emphasized consistency and adherence to judicial precedents, setting aside the CIT(A)'s order due to self-contradictory findings and ruling in favor of the assessee based on precedents supporting the exclusion of foreign investments for disallowance purposes. en-us Fri, 09 Sep 2016 00:00:00 +0530 Thu, 17 Nov 2016 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334636 The Tribunal allowed the assessee's appeal, restricting the disallowance under Section 14A read with Rule 8D to Rs. 85,823 and excluding the investment in a foreign subsidiary from the computation. The Tribunal emphasized consistency and adherence to judicial precedents, setting aside the CIT(A)'s order due to self-contradictory findings and ruling in favor of the assessee based on precedents supporting the exclusion of foreign investments for disallowance purposes. Case-Laws Income Tax Fri, 09 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334636