https://www.taxtmi.com/caselaws?id=277679 The Tribunal partly allowed the assessee's appeal, directing the AO to consider only dividend-bearing investments for disallowance calculation under Section 14A read with Rule 8D. It remanded the disallowance of provision for leave encashment pending a Supreme Court decision. The Tribunal upheld the disallowance of provision for mark to market loss, disallowance of other income under Section 10B, and disallowance of additional depreciation. However, it allowed the claim for additional depreciation, citing relevant case law. The provision for mark to market loss on forward exchange contracts was also allowed, following Supreme Court decisions. en-us Wed, 14 Feb 2018 00:00:00 +0530 Tue, 18 Dec 2018 05:55:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277679 The Tribunal partly allowed the assessee's appeal, directing the AO to consider only dividend-bearing investments for disallowance calculation under Section 14A read with Rule 8D. It remanded the disallowance of provision for leave encashment pending a Supreme Court decision. The Tribunal upheld the disallowance of provision for mark to market loss, disallowance of other income under Section 10B, and disallowance of additional depreciation. However, it allowed the claim for additional depreciation, citing relevant case law. The provision for mark to market loss on forward exchange contracts was also allowed, following Supreme Court decisions. Case-Laws Income Tax Wed, 14 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277679