https://www.taxtmi.com/caselaws?id=200036 The Tribunal partially allowed the appeal for assessment year 2007-08, concerning disallowance under Section 14A read with Rule 8D. It found the disallowance excessive and not in line with precedents, deleting a portion and setting aside another for reassessment due to inapplicability of Rule 8D for that year. Additionally, the Tribunal directed full credit for TDS claimed and applied its decision on disallowances to the computation of income under section 115JB, ultimately allowing the appeal for statistical purposes and providing clear directions to the Assessing Officer. en-us Thu, 28 Jan 2016 00:00:00 +0530 Thu, 29 Mar 2018 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200036 The Tribunal partially allowed the appeal for assessment year 2007-08, concerning disallowance under Section 14A read with Rule 8D. It found the disallowance excessive and not in line with precedents, deleting a portion and setting aside another for reassessment due to inapplicability of Rule 8D for that year. Additionally, the Tribunal directed full credit for TDS claimed and applied its decision on disallowances to the computation of income under section 115JB, ultimately allowing the appeal for statistical purposes and providing clear directions to the Assessing Officer. Case-Laws Income Tax Thu, 28 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200036