https://www.taxtmi.com/caselaws?id=275959 The Tribunal ruled in favor of the appellant, condoning the delay in filing the appeal due to genuine reasons. It held that Rule 8D was not applicable for the relevant assessment year, directing the AO to reconsider disallowance under section 14A based on guidelines from relevant cases. The matter was remanded to the AO for fresh adjudication, allowing the appeal partially and instructing the AO to provide a reasonable opportunity for the assessee to present their case. en-us Fri, 29 Jan 2016 00:00:00 +0530 Wed, 24 Oct 2018 08:53:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275959 The Tribunal ruled in favor of the appellant, condoning the delay in filing the appeal due to genuine reasons. It held that Rule 8D was not applicable for the relevant assessment year, directing the AO to reconsider disallowance under section 14A based on guidelines from relevant cases. The matter was remanded to the AO for fresh adjudication, allowing the appeal partially and instructing the AO to provide a reasonable opportunity for the assessee to present their case. Case-Laws Income Tax Fri, 29 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275959