https://www.taxtmi.com/caselaws?id=407476 The Tribunal upheld the decision of the Ld. CIT(Appeals) to allow the claim regarding the provision of after sales costs, based on consistent provisions made over the years and past precedents of similar claims being allowed in favor of the assessee. The Tribunal dismissed the Revenue's appeal, emphasizing the acceptance of previous decisions. Additionally, the Tribunal allowed the cross objection by the assessee, ruling that no disallowance could be made under Rule 8D(2) in the absence of exempt income, in line with legal precedents and a Bombay High Court decision. en-us Fri, 07 May 2021 00:00:00 +0530 Wed, 12 May 2021 08:29:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407476 The Tribunal upheld the decision of the Ld. CIT(Appeals) to allow the claim regarding the provision of after sales costs, based on consistent provisions made over the years and past precedents of similar claims being allowed in favor of the assessee. The Tribunal dismissed the Revenue's appeal, emphasizing the acceptance of previous decisions. Additionally, the Tribunal allowed the cross objection by the assessee, ruling that no disallowance could be made under Rule 8D(2) in the absence of exempt income, in line with legal precedents and a Bombay High Court decision. Case-Laws Income Tax Fri, 07 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407476