https://www.taxtmi.com/caselaws?id=411027 The delay in filing the appeal was condoned due to reasonable reasons provided by the assessee, allowing the appeal to be admitted for adjudication. Regarding the disallowance under section 14A r.w. Rule 8D, the Tribunal directed the Assessing Officer to recompute the disallowance by excluding certain expenses and investments, setting aside the appeal for reconsideration. The assessee's appeal was treated as allowed for statistical purposes, while the Revenue's appeal was dismissed due to the tax effect falling below the prescribed limit. en-us Mon, 09 Aug 2021 00:00:00 +0530 Mon, 16 Aug 2021 09:13:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411027 The delay in filing the appeal was condoned due to reasonable reasons provided by the assessee, allowing the appeal to be admitted for adjudication. Regarding the disallowance under section 14A r.w. Rule 8D, the Tribunal directed the Assessing Officer to recompute the disallowance by excluding certain expenses and investments, setting aside the appeal for reconsideration. The assessee's appeal was treated as allowed for statistical purposes, while the Revenue's appeal was dismissed due to the tax effect falling below the prescribed limit. Case-Laws Income Tax Mon, 09 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411027