https://www.taxtmi.com/caselaws?id=289868 The Tribunal held that only investments generating exempted income should be considered for disallowance under Rule 8D(2)(iii) of the Income-tax Rules, 1962. The orders of the lower authorities disallowing the entire investment were set aside, and the matter was remitted back to the Assessing Officer to limit the disallowance to investments yielding exempted income. The appeal of the assessee was allowed for statistical purposes. en-us Thu, 12 Jul 2018 00:00:00 +0530 Thu, 27 Aug 2020 08:26:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289868 The Tribunal held that only investments generating exempted income should be considered for disallowance under Rule 8D(2)(iii) of the Income-tax Rules, 1962. The orders of the lower authorities disallowing the entire investment were set aside, and the matter was remitted back to the Assessing Officer to limit the disallowance to investments yielding exempted income. The appeal of the assessee was allowed for statistical purposes. Case-Laws Income Tax Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289868