https://www.taxtmi.com/caselaws?id=274978 The Bombay High Court dismissed the appeal regarding the application of Section 14A of the Income Tax Act for Assessment Year 2007-08. The Court upheld the Tribunal's decision to remand the matter back to the Assessing Officer for computing disallowance under Section 14A, emphasizing that the issues raised were covered by a previous judgment. The Court also affirmed the procedural nature of Rule 8D of the Income Tax Rules for computing expenditure related to earning exempt income, stating that no substantial questions of law arose in the case. en-us Wed, 14 Jun 2017 00:00:00 +0530 Wed, 12 Sep 2018 19:44:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274978 The Bombay High Court dismissed the appeal regarding the application of Section 14A of the Income Tax Act for Assessment Year 2007-08. The Court upheld the Tribunal's decision to remand the matter back to the Assessing Officer for computing disallowance under Section 14A, emphasizing that the issues raised were covered by a previous judgment. The Court also affirmed the procedural nature of Rule 8D of the Income Tax Rules for computing expenditure related to earning exempt income, stating that no substantial questions of law arose in the case. Case-Laws Income Tax Wed, 14 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274978