https://www.taxtmi.com/caselaws?id=416868 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner's decision regarding the disallowance of expenses under section 14A of the Income-tax Act, 1961. The Tribunal affirmed that only investments capable of yielding dividends should be considered for computing the disallowance under rule 8D(2)(iii), limiting the disallowable part to the amount of dividend received. The Tribunal found the Commissioner's decision in line with established legal principles and previous High Court rulings, leading to the dismissal of the Revenue's appeal. en-us Wed, 08 Dec 2021 00:00:00 +0530 Mon, 10 Jan 2022 09:01:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416868 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner's decision regarding the disallowance of expenses under section 14A of the Income-tax Act, 1961. The Tribunal affirmed that only investments capable of yielding dividends should be considered for computing the disallowance under rule 8D(2)(iii), limiting the disallowable part to the amount of dividend received. The Tribunal found the Commissioner's decision in line with established legal principles and previous High Court rulings, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Wed, 08 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416868