https://www.taxtmi.com/caselaws?id=404139 The Tribunal directed the AO to recalculate the disallowance under rule 8D(2)(iii) specifically on investments generating exempt income, aligning with guidelines from a prior case. The appeal was allowed for statistical purposes, stressing the necessity for timely proceedings and discouraging unnecessary adjournments. The CIT(A)'s decision was partially overturned. en-us Wed, 20 Jan 2021 00:00:00 +0530 Tue, 29 Oct 2024 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404139 The Tribunal directed the AO to recalculate the disallowance under rule 8D(2)(iii) specifically on investments generating exempt income, aligning with guidelines from a prior case. The appeal was allowed for statistical purposes, stressing the necessity for timely proceedings and discouraging unnecessary adjournments. The CIT(A)'s decision was partially overturned. Case-Laws Income Tax Wed, 20 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404139