https://www.taxtmi.com/caselaws?id=281585 The Tribunal held that Section 14A with Rule 8D applies to calculate deductions under Section 80P(2)(d), but disallowed interest expenditure under Rule 8D(2)(ii) due to sufficient own funds. Administrative expenses disallowed under Rule 8D(2)(iii) should be limited to income-earning investments. For Section 80P(2)(e), the Tribunal remanded the issue back to the CIT(A) for fresh adjudication based on evidence submitted by the assessee. The appeal was partly allowed, directing re-evaluation of disallowances under both sections. en-us Mon, 30 Oct 2017 00:00:00 +0530 Wed, 26 Jun 2019 06:20:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281585 The Tribunal held that Section 14A with Rule 8D applies to calculate deductions under Section 80P(2)(d), but disallowed interest expenditure under Rule 8D(2)(ii) due to sufficient own funds. Administrative expenses disallowed under Rule 8D(2)(iii) should be limited to income-earning investments. For Section 80P(2)(e), the Tribunal remanded the issue back to the CIT(A) for fresh adjudication based on evidence submitted by the assessee. The appeal was partly allowed, directing re-evaluation of disallowances under both sections. Case-Laws Income Tax Mon, 30 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281585