https://www.taxtmi.com/caselaws?id=347805 The Tribunal dismissed the appeal, upholding the disallowance of expenditure incurred to earn exempt Dividend income u/s. 10(34) under Section 14A read with Rule 8D. The Tribunal found no merit in the appellant's claims regarding interest-free funds and specific expenditure for dividend income, directing the AO to verify the availability of interest-free funds for investments and upholding the disallowance under Rule 8D(2)(iii) for the AY 2008-09 onwards. en-us Fri, 30 Jun 2017 00:00:00 +0530 Tue, 12 Sep 2017 08:43:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347805 The Tribunal dismissed the appeal, upholding the disallowance of expenditure incurred to earn exempt Dividend income u/s. 10(34) under Section 14A read with Rule 8D. The Tribunal found no merit in the appellant's claims regarding interest-free funds and specific expenditure for dividend income, directing the AO to verify the availability of interest-free funds for investments and upholding the disallowance under Rule 8D(2)(iii) for the AY 2008-09 onwards. Case-Laws Income Tax Fri, 30 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347805