https://www.taxtmi.com/caselaws?id=293567 The Tribunal partly allowed the appeal, directing the Assessing Officer to recompute the disallowance under Rule 8D(2)(iii) by considering only investments yielding exempt income and to reduce the suomoto disallowed Portfolio Management Scheme expenses from the disallowance computed under Rule 8D(2)(iii). The Tribunal found that the Assessing Officer did not properly record satisfaction before invoking Rule 8D, leading to an improper action. en-us Fri, 14 Aug 2015 00:00:00 +0530 Thu, 18 Feb 2021 20:02:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293567 The Tribunal partly allowed the appeal, directing the Assessing Officer to recompute the disallowance under Rule 8D(2)(iii) by considering only investments yielding exempt income and to reduce the suomoto disallowed Portfolio Management Scheme expenses from the disallowance computed under Rule 8D(2)(iii). The Tribunal found that the Assessing Officer did not properly record satisfaction before invoking Rule 8D, leading to an improper action. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293567