https://www.taxtmi.com/caselaws?id=194815 The High Court dismissed the revenue's appeal for the assessment year 2005-06. It was found that there was no reason to entertain the questions regarding the disallowance under section 14A and Rule 8D. Additionally, the deductibility of the contribution to the superannuation fund was considered allowable under Section 37 of the Income Tax Act, 1961, as it was incurred exclusively for the business, despite not meeting the criteria under Section 36(1)(iv). The issue was remanded to the Assessing Officer for further assessment of the business purpose of the expenditure. The appeal was ultimately dismissed with no order as to costs. en-us Fri, 01 Mar 2013 00:00:00 +0530 Thu, 28 Sep 2017 16:43:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194815 The High Court dismissed the revenue's appeal for the assessment year 2005-06. It was found that there was no reason to entertain the questions regarding the disallowance under section 14A and Rule 8D. Additionally, the deductibility of the contribution to the superannuation fund was considered allowable under Section 37 of the Income Tax Act, 1961, as it was incurred exclusively for the business, despite not meeting the criteria under Section 36(1)(iv). The issue was remanded to the Assessing Officer for further assessment of the business purpose of the expenditure. The appeal was ultimately dismissed with no order as to costs. Case-Laws Income Tax Fri, 01 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194815