https://www.taxtmi.com/caselaws?id=434353 The High Court dismissed the appeal against the ITAT order, where the respondent's appeal was partially allowed, and the revenue's appeal was dismissed. The case involved disallowances under section 14A r.w. Rule 8D for the assessment year 2011-12. The High Court found that the AO did not examine the expenditure related to exempt income, leading to the deletion of the interest expenditure addition and the disallowance made under Rule 8D. The appeal was dismissed as no substantial question of law arose, with no order as to costs in favor of the assessee. en-us Mon, 20 Feb 2023 00:00:00 +0530 Fri, 26 Jun 2026 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434353 The High Court dismissed the appeal against the ITAT order, where the respondent's appeal was partially allowed, and the revenue's appeal was dismissed. The case involved disallowances under section 14A r.w. Rule 8D for the assessment year 2011-12. The High Court found that the AO did not examine the expenditure related to exempt income, leading to the deletion of the interest expenditure addition and the disallowance made under Rule 8D. The appeal was dismissed as no substantial question of law arose, with no order as to costs in favor of the assessee. Case-Laws Income Tax Mon, 20 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434353