https://www.taxtmi.com/caselaws?id=309296 The Tribunal remitted the issue of disallowance under section 14A of the Income Tax Act, 1961 back to the Assessing Officer for fresh consideration due to the incorrect application of Rule 8D(2) of the Rules. Regarding the disallowance of depreciation claimed by the assessee, the Tribunal allowed the appeal in part, granting the assessee the right to claim depreciation at a higher rate for specified assets based on relevant High Court decisions. en-us Wed, 31 Mar 2021 00:00:00 +0530 Tue, 22 Aug 2023 22:31:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309296 The Tribunal remitted the issue of disallowance under section 14A of the Income Tax Act, 1961 back to the Assessing Officer for fresh consideration due to the incorrect application of Rule 8D(2) of the Rules. Regarding the disallowance of depreciation claimed by the assessee, the Tribunal allowed the appeal in part, granting the assessee the right to claim depreciation at a higher rate for specified assets based on relevant High Court decisions. Case-Laws Income Tax Wed, 31 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309296