https://www.taxtmi.com/caselaws?id=312145 The tribunal condoned a 101-day delay in filing appeals due to COVID-19 restrictions, admitting them for adjudication. For ITA Nos. 142 & 143/Del/2021 (A.Yrs. 2011-12 & 2012-13), the tribunal directed the deletion of disallowance under Rule 8D(2)(ii) due to sufficient interest-free funds and no current investments. It also instructed the Assessing Officer to consider only investments yielding exempt income under Rule 8D(2)(iii). The appeals were partly allowed. ITA No. 144/Del/2021 (A.Y. 2013-14) was dismissed as the grounds were not pressed. en-us Mon, 03 Jul 2023 00:00:00 +0530 Fri, 02 Feb 2024 21:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312145 The tribunal condoned a 101-day delay in filing appeals due to COVID-19 restrictions, admitting them for adjudication. For ITA Nos. 142 & 143/Del/2021 (A.Yrs. 2011-12 & 2012-13), the tribunal directed the deletion of disallowance under Rule 8D(2)(ii) due to sufficient interest-free funds and no current investments. It also instructed the Assessing Officer to consider only investments yielding exempt income under Rule 8D(2)(iii). The appeals were partly allowed. ITA No. 144/Del/2021 (A.Y. 2013-14) was dismissed as the grounds were not pressed. Case-Laws Income Tax Mon, 03 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312145