https://www.taxtmi.com/caselaws?id=409877 The Revenue challenged the CIT(A)'s orders for disallowance u/s. 14A for assessment years 2012-13, 2013-14, and 2014-15. The CIT(A) ruled in favor of the assessee, disallowing administrative expenses under Rule 8D(2)(iii) but not allocating interest to exempt income. The appeals were allowed, directing the Assessing Officer to recompute Minimum Alternate Tax (MAT) after excluding the disallowance u/s. 14A. The Tribunal upheld the CIT(A)'s decision on interest allocation, dismissing the Revenue's appeals. The Tribunal also confirmed the deletion of interest component under Rule 8D(2)(ii) for all years, leading to the dismissal of further appeals. en-us Thu, 08 Jul 2021 00:00:00 +0530 Mon, 19 Jul 2021 10:23:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409877 The Revenue challenged the CIT(A)'s orders for disallowance u/s. 14A for assessment years 2012-13, 2013-14, and 2014-15. The CIT(A) ruled in favor of the assessee, disallowing administrative expenses under Rule 8D(2)(iii) but not allocating interest to exempt income. The appeals were allowed, directing the Assessing Officer to recompute Minimum Alternate Tax (MAT) after excluding the disallowance u/s. 14A. The Tribunal upheld the CIT(A)'s decision on interest allocation, dismissing the Revenue's appeals. The Tribunal also confirmed the deletion of interest component under Rule 8D(2)(ii) for all years, leading to the dismissal of further appeals. Case-Laws Income Tax Thu, 08 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409877