https://www.taxtmi.com/caselaws?id=289618 The appeal by the Assessee was partly allowed for statistical purposes. The Tribunal remanded the disallowance of telephone expenses and business promotion expenses back to the AO for fresh examination, emphasizing the need for specific details to support business use. Additionally, the Tribunal directed the AO to reexamine the disallowance under section 14A, excluding debt-oriented investments while computing the disallowance under Rule 8D (2)(iii). The entire matter of disallowance under section 14A was referred back to the AO for further assessment based on the provided directions. en-us Wed, 12 Nov 2014 00:00:00 +0530 Sun, 09 Aug 2020 10:07:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289618 The appeal by the Assessee was partly allowed for statistical purposes. The Tribunal remanded the disallowance of telephone expenses and business promotion expenses back to the AO for fresh examination, emphasizing the need for specific details to support business use. Additionally, the Tribunal directed the AO to reexamine the disallowance under section 14A, excluding debt-oriented investments while computing the disallowance under Rule 8D (2)(iii). The entire matter of disallowance under section 14A was referred back to the AO for further assessment based on the provided directions. Case-Laws Income Tax Wed, 12 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289618