https://www.taxtmi.com/caselaws?id=296198 The Court ruled in favor of the assessee on all issues raised in the appeal under Section 260A of the Income Tax Act, 1961. The Court relied on previous judgments to support its decision, allowing the deductions under Section 36(1)(viiia) and resolving issues related to disallowance under Section 14A in favor of the assessee. The Court also disagreed with the Tribunal's decision on the computation of disallowance under Rule 8D and held that Rule 8D(2)(ii) did not apply in the circumstances presented. Ultimately, the Court disposed of the appeal in favor of the assessee on all grounds. en-us Fri, 31 Jan 2020 00:00:00 +0530 Fri, 09 Jul 2021 09:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296198 The Court ruled in favor of the assessee on all issues raised in the appeal under Section 260A of the Income Tax Act, 1961. The Court relied on previous judgments to support its decision, allowing the deductions under Section 36(1)(viiia) and resolving issues related to disallowance under Section 14A in favor of the assessee. The Court also disagreed with the Tribunal's decision on the computation of disallowance under Rule 8D and held that Rule 8D(2)(ii) did not apply in the circumstances presented. Ultimately, the Court disposed of the appeal in favor of the assessee on all grounds. Case-Laws Income Tax Fri, 31 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296198