https://www.taxtmi.com/caselaws?id=351716 The Tribunal partly allowed the assessee's appeal by directing the disallowance of 2% of dividend income under Section 14A, thus partially sustaining the disallowance under Rule 8D(2)(iii). Additionally, the Tribunal allowed the deduction under Section 80IA for captive consumption, dismissed the revenue's challenge on the deletion of proportionate interest disallowance under Rule 8D(2)(ii), upheld the deletion of disallowance for slow and non-moving stock provision, and treated the expenditure on "Project Disha" and "Project Eagle" as revenue expenditure following relevant case laws. The revenue's appeal was dismissed. en-us Wed, 08 Nov 2017 00:00:00 +0530 Thu, 30 Nov 2017 08:42:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351716 The Tribunal partly allowed the assessee's appeal by directing the disallowance of 2% of dividend income under Section 14A, thus partially sustaining the disallowance under Rule 8D(2)(iii). Additionally, the Tribunal allowed the deduction under Section 80IA for captive consumption, dismissed the revenue's challenge on the deletion of proportionate interest disallowance under Rule 8D(2)(ii), upheld the deletion of disallowance for slow and non-moving stock provision, and treated the expenditure on "Project Disha" and "Project Eagle" as revenue expenditure following relevant case laws. The revenue's appeal was dismissed. Case-Laws Income Tax Wed, 08 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351716