https://www.taxtmi.com/caselaws?id=340302 The Tribunal partially allowed the appeals against orders for AY 2006-07 and AY 2010-11, remanding certain issues back to the Assessing Officer for fresh consideration. The judgments highlighted the necessity for expenses to be wholly and exclusively laid out for earning income to be allowable under the Income Tax Act, specifically disallowing expenses under Section 57(iii) and directing re-computation of disallowance under Section 14A r.w. Rule 8D. en-us Wed, 15 Mar 2017 00:00:00 +0530 Mon, 20 Mar 2017 09:59:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340302 The Tribunal partially allowed the appeals against orders for AY 2006-07 and AY 2010-11, remanding certain issues back to the Assessing Officer for fresh consideration. The judgments highlighted the necessity for expenses to be wholly and exclusively laid out for earning income to be allowable under the Income Tax Act, specifically disallowing expenses under Section 57(iii) and directing re-computation of disallowance under Section 14A r.w. Rule 8D. Case-Laws Income Tax Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340302