https://www.taxtmi.com/caselaws?id=298435 The Tribunal remanded the matter back to the Assessing Officer for determining the quantum of deduction available to the assessee under section 80P(2)(d). The Assessing Officer disallowed the deduction amounting to Rs. 1,18,81,092/-, assuming it to be the expenditure incurred by the assessee for earning dividend and interest income. The CIT (Appeals) directed the Assessing Officer to compute the deduction by considering only the expenses incurred for realizing such income. The Assessing Officer, while giving appeal effect, applied the provisions of section 14A of the Act, leading to the assessee's appeal against this decision. The Tribunal held that the appeal against the appeal effect order was maintainable, setting aside the CIT (Appeals) order and directing a re-decision on the appeal. en-us Tue, 16 Jun 2015 00:00:00 +0530 Tue, 02 Nov 2021 09:26:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298435 The Tribunal remanded the matter back to the Assessing Officer for determining the quantum of deduction available to the assessee under section 80P(2)(d). The Assessing Officer disallowed the deduction amounting to Rs. 1,18,81,092/-, assuming it to be the expenditure incurred by the assessee for earning dividend and interest income. The CIT (Appeals) directed the Assessing Officer to compute the deduction by considering only the expenses incurred for realizing such income. The Assessing Officer, while giving appeal effect, applied the provisions of section 14A of the Act, leading to the assessee's appeal against this decision. The Tribunal held that the appeal against the appeal effect order was maintainable, setting aside the CIT (Appeals) order and directing a re-decision on the appeal. Case-Laws Income Tax Tue, 16 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298435