https://www.taxtmi.com/caselaws?id=397972 The High Court, in an appeal under Section 260A of the Income Tax Act, 1961, addressed the disallowance of investments in sister concerns under Section 14A read with Rule 8D. The Court focused on the Tribunal's remand order and the Assessing Officer's discretion, emphasizing the need for an open remand without restrictions. Ultimately, the Court set aside certain observations, confirmed the remand as open, and directed the Assessing Officer to consider all relevant issues before making a decision. The substantial questions of law were left unresolved, and no costs were awarded in the case. en-us Tue, 04 Aug 2020 00:00:00 +0530 Wed, 03 Mar 2021 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397972 The High Court, in an appeal under Section 260A of the Income Tax Act, 1961, addressed the disallowance of investments in sister concerns under Section 14A read with Rule 8D. The Court focused on the Tribunal's remand order and the Assessing Officer's discretion, emphasizing the need for an open remand without restrictions. Ultimately, the Court set aside certain observations, confirmed the remand as open, and directed the Assessing Officer to consider all relevant issues before making a decision. The substantial questions of law were left unresolved, and no costs were awarded in the case. Case-Laws Income Tax Tue, 04 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397972