https://www.taxtmi.com/caselaws?id=383513 The Tribunal upheld the disallowance under Section 14A of the Income Tax Act concerning exempt dividend income, despite the assessee's arguments, emphasizing the applicability of Rule 8D(2)(iii) for computation. The Tribunal dismissed the appeal, noting compliance with the Supreme Court's decision and rejected a second miscellaneous application as an attempt to misuse the Act's provisions, finding no grounds for rectification. The disallowance made by the assessing officer and upheld by the CIT(A) was deemed justified, with the Tribunal emphasizing the significance of Section 14A and Rule 8D(2)(iii) in such cases. en-us Wed, 17 Jul 2019 00:00:00 +0530 Thu, 25 Jul 2019 08:51:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383513 The Tribunal upheld the disallowance under Section 14A of the Income Tax Act concerning exempt dividend income, despite the assessee's arguments, emphasizing the applicability of Rule 8D(2)(iii) for computation. The Tribunal dismissed the appeal, noting compliance with the Supreme Court's decision and rejected a second miscellaneous application as an attempt to misuse the Act's provisions, finding no grounds for rectification. The disallowance made by the assessing officer and upheld by the CIT(A) was deemed justified, with the Tribunal emphasizing the significance of Section 14A and Rule 8D(2)(iii) in such cases. Case-Laws Income Tax Wed, 17 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383513