https://www.taxtmi.com/caselaws?id=284590 The Tribunal partly allowed the assessee's appeals, confirming the disallowance under rule 8D(2)(iii) for administrative and common expenses related to exempted income investments. However, it remanded the issue of indirect interest expenditure under rule 8D(2)(ii) back to the Assessing Officer for further examination, requiring proof of the availability of interest-free funds for investments generating exempted income. The Revenue's appeals were dismissed as withdrawn, and the case was remanded for fresh consideration based on the Tribunal's directions. en-us Wed, 03 Oct 2018 00:00:00 +0530 Thu, 28 Nov 2019 10:20:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284590 The Tribunal partly allowed the assessee's appeals, confirming the disallowance under rule 8D(2)(iii) for administrative and common expenses related to exempted income investments. However, it remanded the issue of indirect interest expenditure under rule 8D(2)(ii) back to the Assessing Officer for further examination, requiring proof of the availability of interest-free funds for investments generating exempted income. The Revenue's appeals were dismissed as withdrawn, and the case was remanded for fresh consideration based on the Tribunal's directions. Case-Laws Income Tax Wed, 03 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284590