https://www.taxtmi.com/caselaws?id=359476 The ITAT partly allowed the assessee's appeals for Assessment Years 2011-12 and 2012-13, dismissing the Revenue's appeal. The judgment highlighted the necessity of considering only dividend yielding investments for disallowance under Rule 8D2(iii). Additionally, it upheld the assessment of interest income received by the assessee as business income, citing consistency in assessments and legal principles. en-us Mon, 23 Apr 2018 00:00:00 +0530 Tue, 01 May 2018 06:24:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359476 The ITAT partly allowed the assessee's appeals for Assessment Years 2011-12 and 2012-13, dismissing the Revenue's appeal. The judgment highlighted the necessity of considering only dividend yielding investments for disallowance under Rule 8D2(iii). Additionally, it upheld the assessment of interest income received by the assessee as business income, citing consistency in assessments and legal principles. Case-Laws Income Tax Mon, 23 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359476