https://www.taxtmi.com/caselaws?id=368820 The Tribunal partially allowed the appeals, concluding that the total amount disallowable under Rule 8D(2) was Rs. 41,02,547. It held that the Assessing Officer was not justified in disallowing Rs. 26,37,064 under Rule 8D(2)(iii) when the actual common administrative expenditure was only Rs. 8,35,898. The AO was directed to disallow Rs. 2,65,561 instead. The order was pronounced on 5th September 2018. en-us Wed, 05 Sep 2018 00:00:00 +0530 Mon, 15 Oct 2018 14:14:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368820 The Tribunal partially allowed the appeals, concluding that the total amount disallowable under Rule 8D(2) was Rs. 41,02,547. It held that the Assessing Officer was not justified in disallowing Rs. 26,37,064 under Rule 8D(2)(iii) when the actual common administrative expenditure was only Rs. 8,35,898. The AO was directed to disallow Rs. 2,65,561 instead. The order was pronounced on 5th September 2018. Case-Laws Income Tax Wed, 05 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368820