https://www.taxtmi.com/caselaws?id=192642 The tribunal allowed the appeal of the assessee, directing the Assessing Officer to delete the disallowance made under Section 14A read with Rule 8D. The tribunal found that Rule 8D could only be applied when certain expenses were claimed against earning exempt income, which was not the case as the assessee had earned substantial interest income from investments. Additionally, administrative expenses were deemed entirely attributable to earning taxable income, making the disallowance unwarranted. The order was pronounced on March 4, 2015. en-us Wed, 04 Mar 2015 00:00:00 +0530 Fri, 09 Jun 2017 05:34:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192642 The tribunal allowed the appeal of the assessee, directing the Assessing Officer to delete the disallowance made under Section 14A read with Rule 8D. The tribunal found that Rule 8D could only be applied when certain expenses were claimed against earning exempt income, which was not the case as the assessee had earned substantial interest income from investments. Additionally, administrative expenses were deemed entirely attributable to earning taxable income, making the disallowance unwarranted. The order was pronounced on March 4, 2015. Case-Laws Income Tax Wed, 04 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192642