https://www.taxtmi.com/caselaws?id=408602 The ITAT partially allowed the company's appeal, directing the AO to recompute the disallowance under Section 14A read with Rule 8D by considering only the value of investments yielding exempt income for the average investment value. This decision aligns with established precedents, offering clarity on disallowance calculations. en-us Tue, 08 Jun 2021 00:00:00 +0530 Sat, 26 Oct 2024 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408602 The ITAT partially allowed the company's appeal, directing the AO to recompute the disallowance under Section 14A read with Rule 8D by considering only the value of investments yielding exempt income for the average investment value. This decision aligns with established precedents, offering clarity on disallowance calculations. Case-Laws Income Tax Tue, 08 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408602