https://www.taxtmi.com/caselaws?id=402313 The Tribunal partly allowed the appeals, directing exclusion of PMS-managed investments and consideration of investment value diminution for disallowance under Section 14A with Rule 8D. The addition under Section 94(7) was upheld, dismissing the appeal. The decisions applied mutatis mutandis to subsequent assessment years, partially allowing appeals for those years too. en-us Mon, 26 Oct 2020 00:00:00 +0530 Tue, 29 Dec 2020 10:47:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402313 The Tribunal partly allowed the appeals, directing exclusion of PMS-managed investments and consideration of investment value diminution for disallowance under Section 14A with Rule 8D. The addition under Section 94(7) was upheld, dismissing the appeal. The decisions applied mutatis mutandis to subsequent assessment years, partially allowing appeals for those years too. Case-Laws Income Tax Mon, 26 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402313