https://www.taxtmi.com/caselaws?id=342423 The Tribunal upheld the disallowance under Rule 8D(2)(iii) for administrative expenses related to investments, despite the absence of exempt income or strategic investments. The appeal challenging the addition under section 14A and computation of book profit under section 115JB for AY 2011-12 was dismissed, emphasizing the formula prescribed by Rule 8D(2)(iii) and the substantial increase in investments during the assessment year. The Tribunal rejected arguments distinguishing between strategic and non-strategic investments, relying on the specific provisions of the rule. en-us Mon, 17 Apr 2017 00:00:00 +0530 Thu, 04 May 2017 07:04:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342423 The Tribunal upheld the disallowance under Rule 8D(2)(iii) for administrative expenses related to investments, despite the absence of exempt income or strategic investments. The appeal challenging the addition under section 14A and computation of book profit under section 115JB for AY 2011-12 was dismissed, emphasizing the formula prescribed by Rule 8D(2)(iii) and the substantial increase in investments during the assessment year. The Tribunal rejected arguments distinguishing between strategic and non-strategic investments, relying on the specific provisions of the rule. Case-Laws Income Tax Mon, 17 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342423