https://www.taxtmi.com/caselaws?id=359400 The Appellate Tribunal allowed the appeal, ruling in favor of the assessee on both issues presented. Regarding the disallowance under Rule 8D of the Income Tax Act, the Tribunal held that no further disallowance was warranted beyond what the assessee had already accounted for. Concerning the denial of deduction under Section 80IE, the Tribunal found the Assessing Officer's reasoning unfounded and remanded the issue for verification of substantial expansion criteria. Ultimately, the Tribunal emphasized the importance of proper assessment and adherence to statutory provisions in tax matters. en-us Fri, 16 Mar 2018 00:00:00 +0530 Fri, 24 Aug 2018 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359400 The Appellate Tribunal allowed the appeal, ruling in favor of the assessee on both issues presented. Regarding the disallowance under Rule 8D of the Income Tax Act, the Tribunal held that no further disallowance was warranted beyond what the assessee had already accounted for. Concerning the denial of deduction under Section 80IE, the Tribunal found the Assessing Officer's reasoning unfounded and remanded the issue for verification of substantial expansion criteria. Ultimately, the Tribunal emphasized the importance of proper assessment and adherence to statutory provisions in tax matters. Case-Laws Income Tax Fri, 16 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359400