https://www.taxtmi.com/caselaws?id=303888 The case involved a dispute regarding the disallowance of Rs.25,48,011 under section 14A of the Income-tax Act, 1961, read with Rule 8D of the Income-tax Rules, 1962 for the assessment year 2009-10. The Assessing Officer's disallowance was contested by the assessee, leading to a decision where the disallowance was upheld by the Commissioner (Appeals). However, the Tribunal directed a fresh decision by the Assessing Officer. Ultimately, the judgment concluded that the disallowance should only consider investments yielding exempt income during the year, in accordance with the Delhi High Court's ruling, resulting in the appeal being partly allowed. en-us Mon, 30 May 2022 00:00:00 +0530 Tue, 23 Aug 2022 08:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303888 The case involved a dispute regarding the disallowance of Rs.25,48,011 under section 14A of the Income-tax Act, 1961, read with Rule 8D of the Income-tax Rules, 1962 for the assessment year 2009-10. The Assessing Officer's disallowance was contested by the assessee, leading to a decision where the disallowance was upheld by the Commissioner (Appeals). However, the Tribunal directed a fresh decision by the Assessing Officer. Ultimately, the judgment concluded that the disallowance should only consider investments yielding exempt income during the year, in accordance with the Delhi High Court's ruling, resulting in the appeal being partly allowed. Case-Laws Income Tax Mon, 30 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303888