https://www.taxtmi.com/caselaws?id=198789 The Tribunal partly allowed the assessee's appeal by reducing the disallowance under section 14A r.w. Rule 8D. The disallowance was recalculated based on average values rather than total investment value, resulting in a reduced amount. The Tribunal directed the Assessing Officer to limit the disallowance to the extent of the dividend income earned by the assessee. The Revenue's appeal was dismissed, as the Tribunal found no violation under Rule 46A due to lack of specified additional evidence. en-us Tue, 31 Oct 2017 00:00:00 +0530 Thu, 08 Feb 2018 21:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198789 The Tribunal partly allowed the assessee's appeal by reducing the disallowance under section 14A r.w. Rule 8D. The disallowance was recalculated based on average values rather than total investment value, resulting in a reduced amount. The Tribunal directed the Assessing Officer to limit the disallowance to the extent of the dividend income earned by the assessee. The Revenue's appeal was dismissed, as the Tribunal found no violation under Rule 46A due to lack of specified additional evidence. Case-Laws Income Tax Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198789