https://www.taxtmi.com/caselaws?id=403041 The Tribunal directed the Assessing Officer to delete the interest disallowance under Rule 8D(2) as the assessee had sufficient own funds, and only investments yielding exempt income should be considered for disallowance of indirect expenses under Rule 8D(2)(iii). Consequently, the revenue's appeal was dismissed, and the assessee's appeal was allowed. en-us Wed, 11 Nov 2020 00:00:00 +0530 Mon, 18 Jan 2021 13:13:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403041 The Tribunal directed the Assessing Officer to delete the interest disallowance under Rule 8D(2) as the assessee had sufficient own funds, and only investments yielding exempt income should be considered for disallowance of indirect expenses under Rule 8D(2)(iii). Consequently, the revenue's appeal was dismissed, and the assessee's appeal was allowed. Case-Laws Income Tax Wed, 11 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403041