https://www.taxtmi.com/caselaws?id=413452 The appeal was partly allowed by the Appellate Tribunal ITAT Mumbai on 1st October 2021. The disallowance under section 14A was remanded back to the Assessing Officer for fresh adjudication, emphasizing that Rule 8D application should not be automatic. The treatment of repairs and maintenance expenses as capital expenditure was reversed, directing the AO to treat them as revenue expenditure. However, the issue regarding one-time membership entrance fees was decided against the assessee based on previous Tribunal orders. en-us Fri, 01 Oct 2021 00:00:00 +0530 Mon, 11 Oct 2021 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413452 The appeal was partly allowed by the Appellate Tribunal ITAT Mumbai on 1st October 2021. The disallowance under section 14A was remanded back to the Assessing Officer for fresh adjudication, emphasizing that Rule 8D application should not be automatic. The treatment of repairs and maintenance expenses as capital expenditure was reversed, directing the AO to treat them as revenue expenditure. However, the issue regarding one-time membership entrance fees was decided against the assessee based on previous Tribunal orders. Case-Laws Income Tax Fri, 01 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413452