https://www.taxtmi.com/caselaws?id=304312 The Tribunal upheld the decision of the CIT(A) to exclude investments not yielding exempt income for computing disallowance under section 14A read with Rule 8D. Relying on the Delhi High Court's judgment in Cheminvest Ltd., the Tribunal dismissed the Revenue's appeal challenging the exclusion of such investments and interpretation of section 14A. The CIT(A)'s order reducing the total disallowance was upheld, aligning with the Delhi High Court's decision. en-us Thu, 16 Nov 2017 00:00:00 +0530 Mon, 19 Sep 2022 20:41:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304312 The Tribunal upheld the decision of the CIT(A) to exclude investments not yielding exempt income for computing disallowance under section 14A read with Rule 8D. Relying on the Delhi High Court's judgment in Cheminvest Ltd., the Tribunal dismissed the Revenue's appeal challenging the exclusion of such investments and interpretation of section 14A. The CIT(A)'s order reducing the total disallowance was upheld, aligning with the Delhi High Court's decision. Case-Laws Income Tax Thu, 16 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304312