https://www.taxtmi.com/caselaws?id=358822 The appeal challenged the disallowance of expenses under Section 14A r.w.r. 8D of the Income Tax Act, 1961. The Commissioner of Income-tax (Appeals) partially upheld the disallowances made by the Assessing Officer. The Tribunal dismissed the exclusion of strategic investments in subsidiary companies for computing disallowance under Section 14A. However, it directed the Assessing Officer to reevaluate the exclusion of investments in the Growth Plan of a Mutual Fund. The Tribunal upheld certain disallowances but remanded the matter to the Assessing Officer for fresh adjudication on other disallowances, ensuring proper opportunity for the assessee's submissions and evidence. en-us Wed, 18 Apr 2018 00:00:00 +0530 Thu, 19 Apr 2018 05:36:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358822 The appeal challenged the disallowance of expenses under Section 14A r.w.r. 8D of the Income Tax Act, 1961. The Commissioner of Income-tax (Appeals) partially upheld the disallowances made by the Assessing Officer. The Tribunal dismissed the exclusion of strategic investments in subsidiary companies for computing disallowance under Section 14A. However, it directed the Assessing Officer to reevaluate the exclusion of investments in the Growth Plan of a Mutual Fund. The Tribunal upheld certain disallowances but remanded the matter to the Assessing Officer for fresh adjudication on other disallowances, ensuring proper opportunity for the assessee's submissions and evidence. Case-Laws Income Tax Wed, 18 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358822