https://www.taxtmi.com/caselaws?id=397048 The Tribunal allowed the assessee's appeal regarding the addition under Section 14A read with Rule 8D, directing the Assessing Officer to re-compute the disallowance considering only investments yielding exempt income. Additionally, the Tribunal ruled in favor of the assessee regarding the treatment of river diversion and HT line shifting expenses as revenue expenditure, allowing the entire claim and deleting the addition. The Tribunal applied relevant case law and directed the re-computation and allowance of the claimed expenditures as per their observations. en-us Tue, 28 Jul 2020 00:00:00 +0530 Wed, 07 Dec 2022 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397048 The Tribunal allowed the assessee's appeal regarding the addition under Section 14A read with Rule 8D, directing the Assessing Officer to re-compute the disallowance considering only investments yielding exempt income. Additionally, the Tribunal ruled in favor of the assessee regarding the treatment of river diversion and HT line shifting expenses as revenue expenditure, allowing the entire claim and deleting the addition. The Tribunal applied relevant case law and directed the re-computation and allowance of the claimed expenditures as per their observations. Case-Laws Income Tax Tue, 28 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397048