https://www.taxtmi.com/caselaws?id=281603 The Tribunal upheld the applicability of Section 14A read with Rule 8D for determining expenses related to earning interest and dividend income under Section 80P(2)(d). It allowed the deduction under Section 80P(2)(e) for rental income, distinguishing it from storage charges. The Tribunal also upheld the capitalization of interest expenses related to long-term loans for constructing godowns, restricting the disallowance to such expenses. The Revenue's appeal was dismissed, and the assessee's appeal was allowed for statistical purposes. en-us Mon, 22 Jan 2018 00:00:00 +0530 Thu, 27 Jun 2019 07:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281603 The Tribunal upheld the applicability of Section 14A read with Rule 8D for determining expenses related to earning interest and dividend income under Section 80P(2)(d). It allowed the deduction under Section 80P(2)(e) for rental income, distinguishing it from storage charges. The Tribunal also upheld the capitalization of interest expenses related to long-term loans for constructing godowns, restricting the disallowance to such expenses. The Revenue's appeal was dismissed, and the assessee's appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 22 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281603