https://www.taxtmi.com/caselaws?id=409097 No disallowance under Section 14A read with Rule 8D was warranted on the facts considered. The Karnataka HC treated the issue as already covered by an earlier Division Bench decision, accepted the reasons adopted there as correct, and declined to revisit them. The substantial question of law was answered against the revenue and in favour of the assessee. en-us Tue, 08 Jun 2021 00:00:00 +0530 Tue, 29 Jun 2021 09:59:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409097 No disallowance under Section 14A read with Rule 8D was warranted on the facts considered. The Karnataka HC treated the issue as already covered by an earlier Division Bench decision, accepted the reasons adopted there as correct, and declined to revisit them. The substantial question of law was answered against the revenue and in favour of the assessee. Case-Laws Income Tax Tue, 08 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409097