https://www.taxtmi.com/caselaws?id=346318 The High Court dismissed the appeal for the Assessment Year 2008-2009, finding no substantial question of law. The Tribunal's decision to reinstate the assessment was upheld, emphasizing the correctness of the working under Rule 8D and acceptance of the explanation regarding interest expenditure and mutual fund investments. The Court supported the Tribunal's reasoning and concluded that no legal issues warranted a different outcome, leading to the dismissal of the appeal without costs. en-us Mon, 31 Jul 2017 00:00:00 +0530 Wed, 09 Aug 2017 09:49:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346318 The High Court dismissed the appeal for the Assessment Year 2008-2009, finding no substantial question of law. The Tribunal's decision to reinstate the assessment was upheld, emphasizing the correctness of the working under Rule 8D and acceptance of the explanation regarding interest expenditure and mutual fund investments. The Court supported the Tribunal's reasoning and concluded that no legal issues warranted a different outcome, leading to the dismissal of the appeal without costs. Case-Laws Income Tax Mon, 31 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346318