https://www.taxtmi.com/caselaws?id=370768 The appeal challenging the CIT(A) order on disallowance under Section 14A of the Income Tax Act, 1961 was partly allowed by the Tribunal. The Tribunal directed the exclusion of certain investments from the average value calculation and specified guidelines for computing disallowances under Rule 8D(2)(iii). The Tribunal upheld the deletion of interest expenditure disallowance and addressed the appellant's contentions regarding administrative expenses. The Tribunal declined to adjudicate on the appellant's argument concerning the Assessing Officer's satisfaction under Section 14A(2) as it was not pressed during the hearing. en-us Thu, 04 Oct 2018 00:00:00 +0530 Fri, 23 Nov 2018 09:37:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370768 The appeal challenging the CIT(A) order on disallowance under Section 14A of the Income Tax Act, 1961 was partly allowed by the Tribunal. The Tribunal directed the exclusion of certain investments from the average value calculation and specified guidelines for computing disallowances under Rule 8D(2)(iii). The Tribunal upheld the deletion of interest expenditure disallowance and addressed the appellant's contentions regarding administrative expenses. The Tribunal declined to adjudicate on the appellant's argument concerning the Assessing Officer's satisfaction under Section 14A(2) as it was not pressed during the hearing. Case-Laws Income Tax Thu, 04 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370768