https://www.taxtmi.com/caselaws?id=405497 The Tribunal upheld the disallowance under Rule 8D(2)(iii) but directed the revenue to re-compute the disallowance considering only investments yielding exempt income. The assessee's deduction under Section 80IA was allowed, and the disallowance of CSR expenditure was upheld. The charging of interest under Section 234C was upheld. The disallowance under Rule 8D(2)(ii) was deleted, while the disallowance under Rule 8D(2)(iii) was confirmed. The disallowance of TDS on bank guarantee commission was deleted. The deduction of Education Cess and FBT was allowed. The appeal of the assessee was partly allowed, and the appeal of the revenue was dismissed. en-us Thu, 18 Mar 2021 00:00:00 +0530 Mon, 22 Mar 2021 09:16:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405497 The Tribunal upheld the disallowance under Rule 8D(2)(iii) but directed the revenue to re-compute the disallowance considering only investments yielding exempt income. The assessee's deduction under Section 80IA was allowed, and the disallowance of CSR expenditure was upheld. The charging of interest under Section 234C was upheld. The disallowance under Rule 8D(2)(ii) was deleted, while the disallowance under Rule 8D(2)(iii) was confirmed. The disallowance of TDS on bank guarantee commission was deleted. The deduction of Education Cess and FBT was allowed. The appeal of the assessee was partly allowed, and the appeal of the revenue was dismissed. Case-Laws Income Tax Thu, 18 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405497