https://www.taxtmi.com/caselaws?id=341262 The Tribunal allowed the assessee's appeal, directing the Assessing Officer to recalculate the disallowance under section 14A in compliance with the correct methodology outlined in rule 8D. The decision emphasized including investments generating exempt income in the calculation while excluding those not generating such income. The Tribunal's judgment clarified the nexus between exempt income and expenditure, ensuring accurate computation of the disallowance amount and compliance with procedural guidelines under rule 8D. en-us Fri, 06 Jan 2017 00:00:00 +0530 Wed, 05 Apr 2017 07:06:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341262 The Tribunal allowed the assessee's appeal, directing the Assessing Officer to recalculate the disallowance under section 14A in compliance with the correct methodology outlined in rule 8D. The decision emphasized including investments generating exempt income in the calculation while excluding those not generating such income. The Tribunal's judgment clarified the nexus between exempt income and expenditure, ensuring accurate computation of the disallowance amount and compliance with procedural guidelines under rule 8D. Case-Laws Income Tax Fri, 06 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341262