https://www.taxtmi.com/caselaws?id=282430 The Appellate Tribunal ITAT Mumbai remanded the issues of disallowance of expenditure in relation to exempt income and disallowance of interest on loans to subsidiaries back to the Assessing Officer for fresh adjudication. The Tribunal held that Rule 8D was not applicable for the relevant assessment year. The third issue regarding disallowance of expenses relatable to exempt income under section 14A became irrelevant and was dismissed as the main appeal was remanded for fresh adjudication. en-us Wed, 05 Apr 2017 00:00:00 +0530 Wed, 07 Aug 2019 18:45:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282430 The Appellate Tribunal ITAT Mumbai remanded the issues of disallowance of expenditure in relation to exempt income and disallowance of interest on loans to subsidiaries back to the Assessing Officer for fresh adjudication. The Tribunal held that Rule 8D was not applicable for the relevant assessment year. The third issue regarding disallowance of expenses relatable to exempt income under section 14A became irrelevant and was dismissed as the main appeal was remanded for fresh adjudication. Case-Laws Income Tax Wed, 05 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282430