https://www.taxtmi.com/caselaws?id=412576 The appeal by the assessee was partly allowed for statistical purposes. The delay in filing the appeal was condoned due to sufficient cause, and the appeal was admitted for adjudication. Regarding the disallowance under section 14A, the Tribunal directed the Assessing Officer to consider only investments yielding exempt income for calculation under Rule 8D(2)(iii). For the addition to income from capital gains, the Tribunal instructed the assessee to provide complete sale deeds and records to verify the agricultural status of the land, and directed the Assessing Officer to consider indexation benefit for long-term capital gains. en-us Fri, 17 Sep 2021 00:00:00 +0530 Wed, 22 Sep 2021 06:16:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412576 The appeal by the assessee was partly allowed for statistical purposes. The delay in filing the appeal was condoned due to sufficient cause, and the appeal was admitted for adjudication. Regarding the disallowance under section 14A, the Tribunal directed the Assessing Officer to consider only investments yielding exempt income for calculation under Rule 8D(2)(iii). For the addition to income from capital gains, the Tribunal instructed the assessee to provide complete sale deeds and records to verify the agricultural status of the land, and directed the Assessing Officer to consider indexation benefit for long-term capital gains. Case-Laws Income Tax Fri, 17 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412576