https://www.taxtmi.com/caselaws?id=371081 The Tribunal dismissed the appeal, upholding the CIT(A)'s decision on the disallowance under Rule 8D and related issues, citing the appellant's own case precedent and the prospective application of Rule 8D since March 24, 2008. The Tribunal rejected the appellant's arguments regarding the connection between borrowed funds and investments in shares, apportioning Executive Directors' remuneration, and the application of Rule 8D for computing disallowance under Section 14A. The appeal was dismissed in its entirety, with all grounds raised by the appellant being rejected by the Tribunal. en-us Wed, 24 Oct 2018 00:00:00 +0530 Wed, 28 Nov 2018 08:39:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371081 The Tribunal dismissed the appeal, upholding the CIT(A)'s decision on the disallowance under Rule 8D and related issues, citing the appellant's own case precedent and the prospective application of Rule 8D since March 24, 2008. The Tribunal rejected the appellant's arguments regarding the connection between borrowed funds and investments in shares, apportioning Executive Directors' remuneration, and the application of Rule 8D for computing disallowance under Section 14A. The appeal was dismissed in its entirety, with all grounds raised by the appellant being rejected by the Tribunal. Case-Laws Income Tax Wed, 24 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371081