https://www.taxtmi.com/caselaws?id=286659 The appeal challenged the disallowance under section 14A of the Income Tax Act, with the appellant contesting the higher amount disallowed by the AO compared to self-disallowance. The AO's decision invoking section 14A read with rule 8D 2(iii) was upheld by the Ld. CIT(A) citing legal precedents. Regarding the treatment of investments in subsidiaries/sister concerns, the appellant argued for their exclusion from disallowance calculations, supported by legal precedents. The Tribunal directed the AO to recalculate the disallowance excluding these investments, ultimately allowing the appeal for statistical purposes. en-us Tue, 26 Jul 2016 00:00:00 +0530 Mon, 09 Mar 2020 07:41:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286659 The appeal challenged the disallowance under section 14A of the Income Tax Act, with the appellant contesting the higher amount disallowed by the AO compared to self-disallowance. The AO's decision invoking section 14A read with rule 8D 2(iii) was upheld by the Ld. CIT(A) citing legal precedents. Regarding the treatment of investments in subsidiaries/sister concerns, the appellant argued for their exclusion from disallowance calculations, supported by legal precedents. The Tribunal directed the AO to recalculate the disallowance excluding these investments, ultimately allowing the appeal for statistical purposes. Case-Laws Income Tax Tue, 26 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286659