https://www.taxtmi.com/caselaws?id=287300 The appellate tribunal partially allowed the appeal, primarily focusing on the disallowance under section 14A read with Rule 8D of the Income Tax Act, 1961. The tribunal restricted the disallowance to the amount of exempt income earned by the assessee, providing specific relief. Other issues raised, including the consideration of investments in foreign subsidiaries, application of circulars, penalty proceedings, and admission of additional grounds of appeal, were not extensively addressed in the judgment, indicating a narrower scope of analysis and relief provided by the tribunal. en-us Wed, 18 Apr 2018 00:00:00 +0530 Wed, 08 Apr 2020 10:17:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287300 The appellate tribunal partially allowed the appeal, primarily focusing on the disallowance under section 14A read with Rule 8D of the Income Tax Act, 1961. The tribunal restricted the disallowance to the amount of exempt income earned by the assessee, providing specific relief. Other issues raised, including the consideration of investments in foreign subsidiaries, application of circulars, penalty proceedings, and admission of additional grounds of appeal, were not extensively addressed in the judgment, indicating a narrower scope of analysis and relief provided by the tribunal. Case-Laws Income Tax Wed, 18 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287300