https://www.taxtmi.com/caselaws?id=368882 The Revenue's appeal challenging the disallowance under Section 14A of the Income Tax Act was allowed for statistical purposes. The Commissioner's order directing exclusion of investments made from own interest free funds and those not earning dividend income was contested. The Tribunal emphasized the need for the assessee to compute actual expenses related to investments earning exempt income before applying Rule 8D for disallowance. The matter was remitted to the Assessing Officer for further verification and computation based on the judgment's principles. en-us Mon, 27 Aug 2018 00:00:00 +0530 Tue, 16 Oct 2018 09:49:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368882 The Revenue's appeal challenging the disallowance under Section 14A of the Income Tax Act was allowed for statistical purposes. The Commissioner's order directing exclusion of investments made from own interest free funds and those not earning dividend income was contested. The Tribunal emphasized the need for the assessee to compute actual expenses related to investments earning exempt income before applying Rule 8D for disallowance. The matter was remitted to the Assessing Officer for further verification and computation based on the judgment's principles. Case-Laws Income Tax Mon, 27 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368882