https://www.taxtmi.com/caselaws?id=275782 The appeals for assessment years 2010-11 and 2011-12 challenging disallowances under section 14A r/w rule 8D were allowed. The Tribunal found the disallowances made by the appellant to be reasonable, considering expenses not linked to earning exempt income. The additions by the Assessing Officer were deemed unreasonable and deleted. Consequently, the appeals were allowed, and a re-computation of income was directed in line with the Tribunal's decision. en-us Wed, 12 Apr 2017 00:00:00 +0530 Wed, 17 Oct 2018 07:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275782 The appeals for assessment years 2010-11 and 2011-12 challenging disallowances under section 14A r/w rule 8D were allowed. The Tribunal found the disallowances made by the appellant to be reasonable, considering expenses not linked to earning exempt income. The additions by the Assessing Officer were deemed unreasonable and deleted. Consequently, the appeals were allowed, and a re-computation of income was directed in line with the Tribunal's decision. Case-Laws Income Tax Wed, 12 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275782