https://www.taxtmi.com/caselaws?id=434059 The Tribunal dismissed the Revenue's appeal on the disallowance of interest expenditure under Rule 8D(2)(ii) of the Income Tax Rules, upholding the CIT(A)'s decision. It allowed the assessee's appeal on the disallowance under Rule 8D(2)(iii), directing the AO to reassess based on investments yielding exempt income. The decision stressed adherence to judicial precedents and proper application of the Income Tax Rules. en-us Fri, 10 Feb 2023 00:00:00 +0530 Wed, 15 Feb 2023 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434059 The Tribunal dismissed the Revenue's appeal on the disallowance of interest expenditure under Rule 8D(2)(ii) of the Income Tax Rules, upholding the CIT(A)'s decision. It allowed the assessee's appeal on the disallowance under Rule 8D(2)(iii), directing the AO to reassess based on investments yielding exempt income. The decision stressed adherence to judicial precedents and proper application of the Income Tax Rules. Case-Laws Income Tax Fri, 10 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434059