https://www.taxtmi.com/caselaws?id=337969 The appeal of the assessee was allowed. The ITAT directed the AO to adjudicate the deduction under Section 80IA based on the initial assessment year opted by the assessee. Regarding the disallowance under Section 14A, the ITAT instructed the AO to consider only investments yielding exempt income for disallowance under Rule 8D(2)(iii). en-us Wed, 18 Jan 2017 00:00:00 +0530 Sat, 21 Jan 2017 07:33:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337969 The appeal of the assessee was allowed. The ITAT directed the AO to adjudicate the deduction under Section 80IA based on the initial assessment year opted by the assessee. Regarding the disallowance under Section 14A, the ITAT instructed the AO to consider only investments yielding exempt income for disallowance under Rule 8D(2)(iii). Case-Laws Income Tax Wed, 18 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337969