https://www.taxtmi.com/caselaws?id=349021 The Tribunal dismissed the Revenue's appeal, upholding the decision to delete additions under section 14A read with Rule 8D. It was held that the investments were for business purposes, not for earning dividends, and disallowances were unjustified. The Tribunal also rejected the disallowance of expenses for managing investments and upheld the disallowance of cash purchases under Rule 6DD(f) due to lack of verifiable details. en-us Wed, 04 Oct 2017 00:00:00 +0530 Thu, 05 Oct 2017 09:45:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349021 The Tribunal dismissed the Revenue's appeal, upholding the decision to delete additions under section 14A read with Rule 8D. It was held that the investments were for business purposes, not for earning dividends, and disallowances were unjustified. The Tribunal also rejected the disallowance of expenses for managing investments and upheld the disallowance of cash purchases under Rule 6DD(f) due to lack of verifiable details. Case-Laws Income Tax Wed, 04 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349021