https://www.taxtmi.com/caselaws?id=403457 The Tax Appeal challenged the disallowance of interest expenses under Section 14A r.w. Rule 8D (ii), but the Tribunal upheld the deletion of disallowance due to the assessee's net interest income exceeding Rs. 10.66 crores. The treatment of income from shares as "Capital Gain" was not elaborated. Disallowances under Section 40(a)(ia) for not deducting TDS on V-Sat/Lease line charges and Sub brokerage/Commission were dismissed. The Tribunal ruled in favor of the appellant regarding the adjustment of Book Profit under Section 14A r.w. Rule 8D, deleting the adjustment of Rs. 45,91,350. en-us Mon, 25 Jan 2021 00:00:00 +0530 Fri, 29 Jan 2021 13:32:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403457 The Tax Appeal challenged the disallowance of interest expenses under Section 14A r.w. Rule 8D (ii), but the Tribunal upheld the deletion of disallowance due to the assessee's net interest income exceeding Rs. 10.66 crores. The treatment of income from shares as "Capital Gain" was not elaborated. Disallowances under Section 40(a)(ia) for not deducting TDS on V-Sat/Lease line charges and Sub brokerage/Commission were dismissed. The Tribunal ruled in favor of the appellant regarding the adjustment of Book Profit under Section 14A r.w. Rule 8D, deleting the adjustment of Rs. 45,91,350. Case-Laws Income Tax Mon, 25 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403457