https://www.taxtmi.com/caselaws?id=287056 The Tribunal partly allowed the appeal by deleting the disallowance of Rs. 33,48,120/- under Section 14A for Assessment Year 2006-07, as Rule 8D was found inapplicable. The matter was remanded to the AO for reconsideration of any expenditure related to exempt income, with the assessee given a fair opportunity to present relevant material. The Tribunal rejected the grievance regarding directions by CIT(A) without a hearing, as the remand addressed the issue. The order was issued on 21st October 2011. en-us Fri, 21 Oct 2011 00:00:00 +0530 Thu, 26 Mar 2020 16:47:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287056 The Tribunal partly allowed the appeal by deleting the disallowance of Rs. 33,48,120/- under Section 14A for Assessment Year 2006-07, as Rule 8D was found inapplicable. The matter was remanded to the AO for reconsideration of any expenditure related to exempt income, with the assessee given a fair opportunity to present relevant material. The Tribunal rejected the grievance regarding directions by CIT(A) without a hearing, as the remand addressed the issue. The order was issued on 21st October 2011. Case-Laws Income Tax Fri, 21 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287056