https://www.taxtmi.com/caselaws?id=381323 The appellate tribunal remanded the matter to the Assessing Officer for reconsideration in both Assessment Years (AY) 2012-13 and 2014-15 regarding the quantum of disallowance under Section 14A and its adjustment for Book Profits under Section 115JB. The tribunal emphasized the importance of proper opinion formation before applying Rule 8D for disallowance and highlighted the necessity of disallowing expenses related to investments. The decisions were in favor of the appellant for statistical purposes, allowing them to present their case before the AO. en-us Thu, 06 Jun 2019 00:00:00 +0530 Sat, 08 Jun 2019 07:41:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381323 The appellate tribunal remanded the matter to the Assessing Officer for reconsideration in both Assessment Years (AY) 2012-13 and 2014-15 regarding the quantum of disallowance under Section 14A and its adjustment for Book Profits under Section 115JB. The tribunal emphasized the importance of proper opinion formation before applying Rule 8D for disallowance and highlighted the necessity of disallowing expenses related to investments. The decisions were in favor of the appellant for statistical purposes, allowing them to present their case before the AO. Case-Laws Income Tax Thu, 06 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381323