https://www.taxtmi.com/caselaws?id=292456 The Tribunal directed the Assessing Officer to reconsider the disallowance under section 14A read with Rule 8D(2)(iii) for indirect expenditure related to earning exempt income. The disallowance on investments in Debt Oriented Mutual Funds (Growth Plan) was deleted, while the issue concerning investments in HDFC Mutual Fund (dividend plan) and a foreign subsidiary company was restored for fresh consideration. The Assessing Officer was instructed to assess the taxability of dividend income, capital gains, and returns from these investments to determine the applicability of the disallowance under section 14A. en-us Wed, 29 Mar 2017 00:00:00 +0530 Fri, 25 Dec 2020 09:34:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292456 The Tribunal directed the Assessing Officer to reconsider the disallowance under section 14A read with Rule 8D(2)(iii) for indirect expenditure related to earning exempt income. The disallowance on investments in Debt Oriented Mutual Funds (Growth Plan) was deleted, while the issue concerning investments in HDFC Mutual Fund (dividend plan) and a foreign subsidiary company was restored for fresh consideration. The Assessing Officer was instructed to assess the taxability of dividend income, capital gains, and returns from these investments to determine the applicability of the disallowance under section 14A. Case-Laws Income Tax Wed, 29 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292456