https://www.taxtmi.com/caselaws?id=290972 The Tribunal issued a mixed verdict, partly allowing the appeal. It ordered the deletion of a disallowance of Rs. 2,49,38,699 under section 14A for MAT computation under section 115JB and directed the AO to exclude investments without exempt income when computing disallowance under section 14A with Rule 8D. Additionally, the Tribunal deleted a disallowance of Rs. 50,45,000 under Rule 8D(2)(ii) in the normal income computation, while confirming a disallowance of Rs. 490.91 lacs under Rule 8D(2)(iii). The decision was based on established legal principles and was pronounced in open court on 09/02/2018. en-us Fri, 09 Feb 2018 00:00:00 +0530 Wed, 13 Nov 2024 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290972 The Tribunal issued a mixed verdict, partly allowing the appeal. It ordered the deletion of a disallowance of Rs. 2,49,38,699 under section 14A for MAT computation under section 115JB and directed the AO to exclude investments without exempt income when computing disallowance under section 14A with Rule 8D. Additionally, the Tribunal deleted a disallowance of Rs. 50,45,000 under Rule 8D(2)(ii) in the normal income computation, while confirming a disallowance of Rs. 490.91 lacs under Rule 8D(2)(iii). The decision was based on established legal principles and was pronounced in open court on 09/02/2018. Case-Laws Income Tax Fri, 09 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290972