https://www.taxtmi.com/caselaws?id=363443 The Tribunal upheld the CIT(A)'s decisions on all three issues, dismissing the appeals of the revenue and allowing the assessee's appeal for statistical purposes. The disallowance of expenses under section 14A read with rule 8D was reduced, expenses of ERP upgradation were treated as allowable revenue expenses, and the proportionate disallowance of interest attributable to CWIP was deleted based on previous ITAT decisions. en-us Tue, 10 Jul 2018 00:00:00 +0530 Thu, 12 Jul 2018 08:34:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363443 The Tribunal upheld the CIT(A)'s decisions on all three issues, dismissing the appeals of the revenue and allowing the assessee's appeal for statistical purposes. The disallowance of expenses under section 14A read with rule 8D was reduced, expenses of ERP upgradation were treated as allowable revenue expenses, and the proportionate disallowance of interest attributable to CWIP was deleted based on previous ITAT decisions. Case-Laws Income Tax Tue, 10 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363443