https://www.taxtmi.com/caselaws?id=381663 The Tribunal allowed the assessee's appeal regarding the disallowance under Section 14A read with Rule 8D, directing the AO to recompute the disallowance considering only dividend-yielding investments. The claim for long-term retention bonus was upheld as an ascertained liability but disallowed under Section 43B, with the option for allowance in subsequent years. The Tribunal directed verification of evidence for the rent equalization provision and allowed the claim for expenses incurred in foreign currency based on the jurisdictional High Court decision. The judgment provided detailed reasoning for each issue, ensuring a fair analysis of the disputed matters. en-us Fri, 14 Jun 2019 00:00:00 +0530 Sat, 15 Jun 2019 20:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381663 The Tribunal allowed the assessee's appeal regarding the disallowance under Section 14A read with Rule 8D, directing the AO to recompute the disallowance considering only dividend-yielding investments. The claim for long-term retention bonus was upheld as an ascertained liability but disallowed under Section 43B, with the option for allowance in subsequent years. The Tribunal directed verification of evidence for the rent equalization provision and allowed the claim for expenses incurred in foreign currency based on the jurisdictional High Court decision. The judgment provided detailed reasoning for each issue, ensuring a fair analysis of the disputed matters. Case-Laws Income Tax Fri, 14 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381663