https://www.taxtmi.com/caselaws?id=297847 The appeal by the revenue was partly allowed, limiting the disallowance under section 14A to Rs. 15 lakhs. The Tribunal upheld the deletion of interest expenses disallowance under Rule 8D(2)(ii) but directed a lumpsum disallowance of Rs. 15 lakhs from general expenditure under Rule 8D(2)(iii). The cross objection of the assessee was dismissed due to filing delay and absence of a condonation petition. en-us Mon, 28 Jun 2021 00:00:00 +0530 Fri, 24 Sep 2021 07:18:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297847 The appeal by the revenue was partly allowed, limiting the disallowance under section 14A to Rs. 15 lakhs. The Tribunal upheld the deletion of interest expenses disallowance under Rule 8D(2)(ii) but directed a lumpsum disallowance of Rs. 15 lakhs from general expenditure under Rule 8D(2)(iii). The cross objection of the assessee was dismissed due to filing delay and absence of a condonation petition. Case-Laws Income Tax Mon, 28 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297847