https://www.taxtmi.com/caselaws?id=431176 The Tribunal upheld the CIT(A)'s decision on the disallowance under section 14A of the Income Tax Act, rejecting the assessee's appeal. The Tribunal remanded the issues related to the application of Rule 8D(iii) r.w.s. 14A and consideration of capital and interest-free funds exceeding investments back to the AO for fresh assessment in line with legal principles, citing the need for voluntary disallowance by the assessee. en-us Tue, 06 Dec 2022 00:00:00 +0530 Wed, 07 Dec 2022 10:28:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431176 The Tribunal upheld the CIT(A)'s decision on the disallowance under section 14A of the Income Tax Act, rejecting the assessee's appeal. The Tribunal remanded the issues related to the application of Rule 8D(iii) r.w.s. 14A and consideration of capital and interest-free funds exceeding investments back to the AO for fresh assessment in line with legal principles, citing the need for voluntary disallowance by the assessee. Case-Laws Income Tax Tue, 06 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431176