https://www.taxtmi.com/caselaws?id=191033 The Appellate Tribunal held that Rule 8D was not applicable for the relevant assessment year and directed the AO to disallow 1% of dividend income as per judicial precedent. The appeal was allowed, and the disallowance amount was adjusted accordingly, providing clarity on the retrospective application of section 14A and the estimation of expenditure related to earning tax-free income based on judicial precedents. en-us Wed, 13 Jan 2016 00:00:00 +0530 Sat, 18 Mar 2017 11:23:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191033 The Appellate Tribunal held that Rule 8D was not applicable for the relevant assessment year and directed the AO to disallow 1% of dividend income as per judicial precedent. The appeal was allowed, and the disallowance amount was adjusted accordingly, providing clarity on the retrospective application of section 14A and the estimation of expenditure related to earning tax-free income based on judicial precedents. Case-Laws Income Tax Wed, 13 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191033