https://www.taxtmi.com/caselaws?id=302695 The Tribunal directed the AO to adjust the Corporate Guarantee at 0.50% for all relevant years, aligning with previous decisions and the Bombay High Court's approval in a related case. Regarding disallowances under Section 14A of the Act, the Tribunal ruled in favor of the assessee, instructing the AO to assess own funds against investment value before applying Rule 8D(2)(ii) and to consider only investments generating exempt income for administrative expenses under Rule 8D(2)(iii). The Tribunal partially allowed the assessee's appeals, deeming the remaining legal issues academic. en-us Thu, 02 May 2019 00:00:00 +0530 Sun, 12 Jun 2022 21:14:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302695 The Tribunal directed the AO to adjust the Corporate Guarantee at 0.50% for all relevant years, aligning with previous decisions and the Bombay High Court's approval in a related case. Regarding disallowances under Section 14A of the Act, the Tribunal ruled in favor of the assessee, instructing the AO to assess own funds against investment value before applying Rule 8D(2)(ii) and to consider only investments generating exempt income for administrative expenses under Rule 8D(2)(iii). The Tribunal partially allowed the assessee's appeals, deeming the remaining legal issues academic. Case-Laws Income Tax Thu, 02 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302695