https://www.taxtmi.com/caselaws?id=189997 The Tribunal allowed the assessee's appeal for statistical purposes, dismissing the Revenue's appeals. The disallowance under Section 14A was rejected based on investments made from own funds, and Rule 8D was held applicable prospectively. Strategic investments were deemed exempt from disallowance, and the receipt of shares through business demerger was accepted. Disallowance for Minimum Alternate Tax was restricted, and the deletion of disallowance for computing book profit was upheld. The Tribunal emphasized consistency, factual verification, and adherence to legal precedents in its decisions. en-us Tue, 05 Jul 2016 00:00:00 +0530 Mon, 30 Jan 2017 20:57:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189997 The Tribunal allowed the assessee's appeal for statistical purposes, dismissing the Revenue's appeals. The disallowance under Section 14A was rejected based on investments made from own funds, and Rule 8D was held applicable prospectively. Strategic investments were deemed exempt from disallowance, and the receipt of shares through business demerger was accepted. Disallowance for Minimum Alternate Tax was restricted, and the deletion of disallowance for computing book profit was upheld. The Tribunal emphasized consistency, factual verification, and adherence to legal precedents in its decisions. Case-Laws Income Tax Tue, 05 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189997