https://www.taxtmi.com/caselaws?id=280370 The Tribunal partly allowed the Revenue's appeals by sustaining the disallowance under Section 14A read with Rule 8D at Rs. 7,22,648/- for A.Y. 2008-09 and Rs. 7,50,000/- for A.Y. 2011-12, respectively. The Tribunal emphasized that the disallowance under Rule 8D(2)(ii) was not justified as the assessee had not claimed any interest expenditure against the total income. The disallowance under Rule 8D(2)(iii) was computed considering administrative expenses related to investments fetching exempt income. en-us Wed, 06 Feb 2019 00:00:00 +0530 Thu, 02 May 2019 07:39:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280370 The Tribunal partly allowed the Revenue's appeals by sustaining the disallowance under Section 14A read with Rule 8D at Rs. 7,22,648/- for A.Y. 2008-09 and Rs. 7,50,000/- for A.Y. 2011-12, respectively. The Tribunal emphasized that the disallowance under Rule 8D(2)(ii) was not justified as the assessee had not claimed any interest expenditure against the total income. The disallowance under Rule 8D(2)(iii) was computed considering administrative expenses related to investments fetching exempt income. Case-Laws Income Tax Wed, 06 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280370