https://www.taxtmi.com/caselaws?id=376265 The Appellate Tribunal ITAT Mumbai allowed the appeals partly for statistical purposes, directing the Assessing Officer to compute the disallowance under Rule 8D(2)(iii) by considering only investments yielding exempt income for expenses related to exempt income under section 14A of the Income Tax Act. This decision aimed to ensure consistency and fairness in determining such disallowances based on previous rulings and specific provisions of the Income Tax Act. en-us Fri, 01 Mar 2019 00:00:00 +0530 Wed, 06 Mar 2019 06:22:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376265 The Appellate Tribunal ITAT Mumbai allowed the appeals partly for statistical purposes, directing the Assessing Officer to compute the disallowance under Rule 8D(2)(iii) by considering only investments yielding exempt income for expenses related to exempt income under section 14A of the Income Tax Act. This decision aimed to ensure consistency and fairness in determining such disallowances based on previous rulings and specific provisions of the Income Tax Act. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376265