https://www.taxtmi.com/caselaws?id=360456 The Tribunal partially allowed the assessee's appeal for statistical purposes and partially allowed the revenue's appeal in a case involving disallowance under section 14A r.w.r. 8D of the Rules. The judgment provided detailed directions for the correct computation of disallowance, clarified the treatment of expenses linked to exempt income under normal provisions, and while computing book profits. The Tribunal directed the Assessing Officer to re-compute the disallowance under Rule 8D(2) considering specific factors and reducing the amount already disallowed by the assessee. en-us Tue, 15 May 2018 00:00:00 +0530 Thu, 17 May 2018 05:56:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360456 The Tribunal partially allowed the assessee's appeal for statistical purposes and partially allowed the revenue's appeal in a case involving disallowance under section 14A r.w.r. 8D of the Rules. The judgment provided detailed directions for the correct computation of disallowance, clarified the treatment of expenses linked to exempt income under normal provisions, and while computing book profits. The Tribunal directed the Assessing Officer to re-compute the disallowance under Rule 8D(2) considering specific factors and reducing the amount already disallowed by the assessee. Case-Laws Income Tax Tue, 15 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360456