https://www.taxtmi.com/caselaws?id=370040 The Tribunal upheld the CIT(A)'s decision to delete the disallowance under section 14A for Assessment Years 2008-09, 2010-11, and 2011-12, citing lack of incriminating material. Regarding disallowance under Rule 8D for Assessment Years 2012-13, 2013-14, and 2014-15, the Tribunal ruled in favor of the assessee, limiting disallowances to investments generating dividend income. The Tribunal directed the Assessing Officer to restrict disallowances to the amount of exempt income received by the assessee for the relevant years. Ultimately, the Revenue's appeals were dismissed, and the assessee's appeal was partially allowed for the specified assessment years. en-us Wed, 26 Sep 2018 00:00:00 +0530 Thu, 08 Nov 2018 10:58:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370040 The Tribunal upheld the CIT(A)'s decision to delete the disallowance under section 14A for Assessment Years 2008-09, 2010-11, and 2011-12, citing lack of incriminating material. Regarding disallowance under Rule 8D for Assessment Years 2012-13, 2013-14, and 2014-15, the Tribunal ruled in favor of the assessee, limiting disallowances to investments generating dividend income. The Tribunal directed the Assessing Officer to restrict disallowances to the amount of exempt income received by the assessee for the relevant years. Ultimately, the Revenue's appeals were dismissed, and the assessee's appeal was partially allowed for the specified assessment years. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370040