https://www.taxtmi.com/caselaws?id=407622 The Tribunal allowed the assessee's appeal for both assessment years 2014-15 and 2015-16. For the disallowance under Section 14A read with Rule 8D(2)(iii), it was held that no disallowance could be made as the figures under 'investments' represented shares of profits from joint ventures, not physical investments. Additionally, an additional ground regarding the rate of Dividend Distribution Tax (DDT) was allowed for statistical purposes, with the Tribunal directing the Assessing Officer to re-examine the issue in light of relevant legal precedents. en-us Wed, 21 Apr 2021 00:00:00 +0530 Fri, 05 Aug 2022 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407622 The Tribunal allowed the assessee's appeal for both assessment years 2014-15 and 2015-16. For the disallowance under Section 14A read with Rule 8D(2)(iii), it was held that no disallowance could be made as the figures under 'investments' represented shares of profits from joint ventures, not physical investments. Additionally, an additional ground regarding the rate of Dividend Distribution Tax (DDT) was allowed for statistical purposes, with the Tribunal directing the Assessing Officer to re-examine the issue in light of relevant legal precedents. Case-Laws Income Tax Wed, 21 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407622