https://www.taxtmi.com/caselaws?id=200747 The Tribunal allowed the assessee's appeals in part, directing the Assessing Officer to compute the disallowance under Rule 8D(2)(iii) by considering only investments yielding exempt income, specifically dividend income. The Tribunal emphasized that investments generating dividend income are relevant for the disallowance calculation, in line with the decision of the Special Bench. This ruling provides clarity on the interpretation of Rule 8D(2)(iii) and ensures a more precise application of the provision in similar cases. The reassessment process was ordered to align with principles of fairness and proper tax law application. en-us Wed, 20 Dec 2017 00:00:00 +0530 Fri, 20 Apr 2018 10:35:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200747 The Tribunal allowed the assessee's appeals in part, directing the Assessing Officer to compute the disallowance under Rule 8D(2)(iii) by considering only investments yielding exempt income, specifically dividend income. The Tribunal emphasized that investments generating dividend income are relevant for the disallowance calculation, in line with the decision of the Special Bench. This ruling provides clarity on the interpretation of Rule 8D(2)(iii) and ensures a more precise application of the provision in similar cases. The reassessment process was ordered to align with principles of fairness and proper tax law application. Case-Laws Income Tax Wed, 20 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200747