https://www.taxtmi.com/caselaws?id=421912 The Tribunal partly allowed the appeal, emphasizing that disallowances under Rule 8D(2)(iii) should only consider investments yielding dividend income. It recognized the significance of utilizing own funds for investments and deleted a disallowance of Rs. 2,84,43,090/- under Rule 8D(2)(ii) as investments were made from own funds. The Tribunal sustained a disallowance of Rs. 2,75,553/- under Rule 8D(2)(iii) for investments generating dividend income. en-us Fri, 29 Apr 2022 00:00:00 +0530 Wed, 04 May 2022 08:32:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421912 The Tribunal partly allowed the appeal, emphasizing that disallowances under Rule 8D(2)(iii) should only consider investments yielding dividend income. It recognized the significance of utilizing own funds for investments and deleted a disallowance of Rs. 2,84,43,090/- under Rule 8D(2)(ii) as investments were made from own funds. The Tribunal sustained a disallowance of Rs. 2,75,553/- under Rule 8D(2)(iii) for investments generating dividend income. Case-Laws Income Tax Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421912