https://www.taxtmi.com/caselaws?id=386035 ITAT MUMBAI - AT partly allowed the assessee's appeals. It upheld the assessee's suo motu disallowance under s.14A r.w. Rule 8D as reasonable and directed the AO to restrict any further disallowance to that amount, noting own funds funded exempt-income investments. It held no disallowance under Rule 8D(2) when computing book profits u/s.115JB. The Tribunal confirmed the AO's disallowance for amortisation of leasehold premium and for depreciation on opening WDV, following prior tribunal findings against the assessee. It deleted the addition for unutilised CENVAT credit and directed recasting of excise accounts in favour of the assessee. en-us Fri, 05 Jul 2019 00:00:00 +0530 Fri, 22 Aug 2025 22:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386035 ITAT MUMBAI - AT partly allowed the assessee's appeals. It upheld the assessee's suo motu disallowance under s.14A r.w. Rule 8D as reasonable and directed the AO to restrict any further disallowance to that amount, noting own funds funded exempt-income investments. It held no disallowance under Rule 8D(2) when computing book profits u/s.115JB. The Tribunal confirmed the AO's disallowance for amortisation of leasehold premium and for depreciation on opening WDV, following prior tribunal findings against the assessee. It deleted the addition for unutilised CENVAT credit and directed recasting of excise accounts in favour of the assessee. Case-Laws Income Tax Fri, 05 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386035