https://www.taxtmi.com/caselaws?id=368386 The Tribunal upheld the CIT(A)'s decisions in the case, dismissing the Revenue's appeal. It was held that the disallowance under Section 14A read with Rule 8D was limited to investments yielding tax-exempt income. Additionally, stamp duty expenses on bond issuance were classified as revenue expenditure, allowing Rs. 50,00,000 as revenue expenditure in line with earlier decisions. The Tribunal emphasized that expenses for raising loans through bonds do not enhance the capital base and are therefore considered revenue in nature. en-us Mon, 24 Sep 2018 00:00:00 +0530 Mon, 08 Oct 2018 07:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368386 The Tribunal upheld the CIT(A)'s decisions in the case, dismissing the Revenue's appeal. It was held that the disallowance under Section 14A read with Rule 8D was limited to investments yielding tax-exempt income. Additionally, stamp duty expenses on bond issuance were classified as revenue expenditure, allowing Rs. 50,00,000 as revenue expenditure in line with earlier decisions. The Tribunal emphasized that expenses for raising loans through bonds do not enhance the capital base and are therefore considered revenue in nature. Case-Laws Income Tax Mon, 24 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368386