https://www.taxtmi.com/caselaws?id=284436 The ITAT upheld the CIT(A)'s decision in a case concerning disallowance u/s 14A r.w. Rule 8D. The interest portion was excluded from disallowance as the appellant's own funds exceeded investments. The disallowance was restricted to dividend income from non-trade investments, aligning with legal precedents. The ITAT ruled in favor of the assessee, dismissing the revenue's appeal. The decision was pronounced on 23.05.2018. en-us Wed, 23 May 2018 00:00:00 +0530 Tue, 19 Nov 2019 10:18:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284436 The ITAT upheld the CIT(A)'s decision in a case concerning disallowance u/s 14A r.w. Rule 8D. The interest portion was excluded from disallowance as the appellant's own funds exceeded investments. The disallowance was restricted to dividend income from non-trade investments, aligning with legal precedents. The ITAT ruled in favor of the assessee, dismissing the revenue's appeal. The decision was pronounced on 23.05.2018. Case-Laws Income Tax Wed, 23 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284436