https://www.taxtmi.com/caselaws?id=418987 The ITAT partially allowed the appeal of the assessee, overturning the disallowance of interest expenditure under Section 14A read with Rule 8D(2)(ii). The ITAT directed the Assessing Officer to reassess the disallowance of administrative expenses under Rule 8D(2)(iii) by considering only investments that generated exempt income during the year. The appeal was granted based on these findings. en-us Mon, 21 Feb 2022 00:00:00 +0530 Tue, 01 Mar 2022 08:18:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418987 The ITAT partially allowed the appeal of the assessee, overturning the disallowance of interest expenditure under Section 14A read with Rule 8D(2)(ii). The ITAT directed the Assessing Officer to reassess the disallowance of administrative expenses under Rule 8D(2)(iii) by considering only investments that generated exempt income during the year. The appeal was granted based on these findings. Case-Laws Income Tax Mon, 21 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418987