https://www.taxtmi.com/caselaws?id=274074 The Tribunal ruled in favor of the assessee, directing the exclusion of investments capable of earning taxable income from the disallowance calculation under Rule 8D(2)(iii) of the Income Tax Act, 1961. The decision emphasized that investments generating taxable income should not be considered in the disallowance computation under section 14A, maintaining consistency with a previous ruling in the appellant's own case. en-us Fri, 24 Nov 2017 00:00:00 +0530 Fri, 27 Jul 2018 10:42:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274074 The Tribunal ruled in favor of the assessee, directing the exclusion of investments capable of earning taxable income from the disallowance calculation under Rule 8D(2)(iii) of the Income Tax Act, 1961. The decision emphasized that investments generating taxable income should not be considered in the disallowance computation under section 14A, maintaining consistency with a previous ruling in the appellant's own case. Case-Laws Income Tax Fri, 24 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274074