https://www.taxtmi.com/caselaws?id=199356 The Tribunal partially allowed the appeal, directing the Assessing Officer to restrict the disallowance under Rule 8D(iii) to the income earned from the exempt dividend. The judgment stressed the importance of maintaining a reasonable correlation between disallowances and exempt income to avoid unjust outcomes and ensure fairness in tax assessments. en-us Wed, 22 Nov 2017 00:00:00 +0530 Mon, 26 Feb 2018 18:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199356 The Tribunal partially allowed the appeal, directing the Assessing Officer to restrict the disallowance under Rule 8D(iii) to the income earned from the exempt dividend. The judgment stressed the importance of maintaining a reasonable correlation between disallowances and exempt income to avoid unjust outcomes and ensure fairness in tax assessments. Case-Laws Income Tax Wed, 22 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199356