https://www.taxtmi.com/caselaws?id=290243 The Tribunal dismissed the Revenue's appeals, affirming the CIT(Appeals) decisions to restrict disallowance under Rule 8D(2) and Section 14A to the extent of exempted income. It relied on Madras HC judgments, emphasizing no disallowance applies if no exempted income is earned, unaffected by pending HC appeals. en-us Wed, 19 Sep 2018 00:00:00 +0530 Thu, 14 Nov 2024 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290243 The Tribunal dismissed the Revenue's appeals, affirming the CIT(Appeals) decisions to restrict disallowance under Rule 8D(2) and Section 14A to the extent of exempted income. It relied on Madras HC judgments, emphasizing no disallowance applies if no exempted income is earned, unaffected by pending HC appeals. Case-Laws Income Tax Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290243