https://www.taxtmi.com/caselaws?id=300435 The Revenue appealed against the deletion of an addition of Rs. 2,93,38,160/- by the CIT(A) under section 14A r.w.r 8D(2)(ii) for the assessment year 2015-16. The CIT(A) partially allowed the appeal, citing the HDFC Bank case, and concluded that no disallowance under Rule 8D(2)(ii) was necessary due to the assessee's own funds exceeding investments generating exempt income. The Appellate Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal on 29.01.2020. en-us Wed, 29 Jan 2020 00:00:00 +0530 Wed, 02 Feb 2022 08:44:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300435 The Revenue appealed against the deletion of an addition of Rs. 2,93,38,160/- by the CIT(A) under section 14A r.w.r 8D(2)(ii) for the assessment year 2015-16. The CIT(A) partially allowed the appeal, citing the HDFC Bank case, and concluded that no disallowance under Rule 8D(2)(ii) was necessary due to the assessee's own funds exceeding investments generating exempt income. The Appellate Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal on 29.01.2020. Case-Laws Income Tax Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300435