https://www.taxtmi.com/caselaws?id=386439 The High Court addressed the interpretation of section 14A of the Income Tax Act, 1961, in a case involving expenses related to handling investments by employees with multiple functions. The Court directed a remand to the tribunal for a comprehensive review, emphasizing the need for a reasoned decision. Additionally, the Court overturned the tribunal's decision to apply sub-section (2) of section 14A and rule 8D for disallowance, highlighting the requirement for a thorough reconsideration of issues under section 14A. en-us Tue, 17 Sep 2019 00:00:00 +0530 Sat, 28 Sep 2019 07:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386439 The High Court addressed the interpretation of section 14A of the Income Tax Act, 1961, in a case involving expenses related to handling investments by employees with multiple functions. The Court directed a remand to the tribunal for a comprehensive review, emphasizing the need for a reasoned decision. Additionally, the Court overturned the tribunal's decision to apply sub-section (2) of section 14A and rule 8D for disallowance, highlighting the requirement for a thorough reconsideration of issues under section 14A. Case-Laws Income Tax Tue, 17 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386439