https://www.taxtmi.com/caselaws?id=295793 The Tribunal partly allowed the appeal, directing the Assessing Officer to restrict the disallowance under Section 14A to the actual dividend income earned. The disallowance under Rule 8D(2)(ii) was deleted as there was no evidence of expenditure for earning dividend income or diversion of borrowed funds. The disallowance under Rule 8D(2)(iii) for administrative expenditure was limited to the amount of dividend earned, in line with High Court judgments and legal principles. en-us Tue, 31 Jul 2018 00:00:00 +0530 Mon, 21 Jun 2021 09:33:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295793 The Tribunal partly allowed the appeal, directing the Assessing Officer to restrict the disallowance under Section 14A to the actual dividend income earned. The disallowance under Rule 8D(2)(ii) was deleted as there was no evidence of expenditure for earning dividend income or diversion of borrowed funds. The disallowance under Rule 8D(2)(iii) for administrative expenditure was limited to the amount of dividend earned, in line with High Court judgments and legal principles. Case-Laws Income Tax Tue, 31 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295793