https://www.taxtmi.com/caselaws?id=359941 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to reverse the disallowance of proportionate interest and administrative expenditure under section 14A r.w.r.8D of the Income Tax Rules, 1962. The Tribunal ruled that only net interest should be considered for disallowance under Rule 8D(2)(ii) and that administrative expenditure must be claimed as a deduction to be eligible for disallowance. The Revenue's arguments were deemed unjustified, leading to the dismissal of the appeal. en-us Wed, 02 May 2018 00:00:00 +0530 Mon, 07 May 2018 08:25:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359941 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to reverse the disallowance of proportionate interest and administrative expenditure under section 14A r.w.r.8D of the Income Tax Rules, 1962. The Tribunal ruled that only net interest should be considered for disallowance under Rule 8D(2)(ii) and that administrative expenditure must be claimed as a deduction to be eligible for disallowance. The Revenue's arguments were deemed unjustified, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359941