https://www.taxtmi.com/caselaws?id=277818 The Tribunal allowed the appeals for the assessment years 2007-08, 2008-09, and 2009-10 regarding the disallowance of interest under section 14A of the Income Tax Act read with Rule 8D. The disallowance was set at 50% of the average investment, totaling Rs. 44,006. In the case of disallowance under section 40(a)(ia) for printing and stationary expenses for the years 2008-09 and 2009-10, the disallowance was restricted to 30% based on ITAT, Jaipur Bench's decision, resulting in Rs. 11,400 and Rs. 12,161 disallowed, respectively. The Tribunal's decision was based on legal interpretations and calculations, providing relief to the assessee. en-us Mon, 07 Nov 2016 00:00:00 +0530 Wed, 26 Dec 2018 00:38:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277818 The Tribunal allowed the appeals for the assessment years 2007-08, 2008-09, and 2009-10 regarding the disallowance of interest under section 14A of the Income Tax Act read with Rule 8D. The disallowance was set at 50% of the average investment, totaling Rs. 44,006. In the case of disallowance under section 40(a)(ia) for printing and stationary expenses for the years 2008-09 and 2009-10, the disallowance was restricted to 30% based on ITAT, Jaipur Bench's decision, resulting in Rs. 11,400 and Rs. 12,161 disallowed, respectively. The Tribunal's decision was based on legal interpretations and calculations, providing relief to the assessee. Case-Laws Income Tax Mon, 07 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277818