https://www.taxtmi.com/caselaws?id=415216 The Tribunal upheld the validity of reopening the assessment under Section 147, finding tangible material in the balance sheet. Regarding the application of Section 14A with Rule 8D, the Tribunal remitted the issue for re-computation, considering relevant precedents and investments yielding exempt income. The appeal was allowed for statistical purposes. en-us Fri, 30 Jul 2021 00:00:00 +0530 Tue, 30 Nov 2021 08:31:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415216 The Tribunal upheld the validity of reopening the assessment under Section 147, finding tangible material in the balance sheet. Regarding the application of Section 14A with Rule 8D, the Tribunal remitted the issue for re-computation, considering relevant precedents and investments yielding exempt income. The appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 30 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415216