https://www.taxtmi.com/caselaws?id=307031 The Tribunal remitted the issue of disallowance under section 14A r.w. Rule 8D to the Assessing Officer for verification of interest-free funds against investments and directed a re-computation of disallowance under Rule 8D2(iii) based on a Special Bench decision. In regards to the disallowance of interest under section 36(1)(iii), the Tribunal instructed the Assessing Officer to review the case in line with prior decisions, allowing the assessee to provide evidence. The appeal was partly allowed for statistical purposes, addressing both issues raised by the assessee. en-us Mon, 05 Feb 2018 00:00:00 +0530 Tue, 14 Mar 2023 21:44:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307031 The Tribunal remitted the issue of disallowance under section 14A r.w. Rule 8D to the Assessing Officer for verification of interest-free funds against investments and directed a re-computation of disallowance under Rule 8D2(iii) based on a Special Bench decision. In regards to the disallowance of interest under section 36(1)(iii), the Tribunal instructed the Assessing Officer to review the case in line with prior decisions, allowing the assessee to provide evidence. The appeal was partly allowed for statistical purposes, addressing both issues raised by the assessee. Case-Laws Income Tax Mon, 05 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307031