https://www.taxtmi.com/highlights?id=93478 ITAT allowed the assessee's appeal in major respects. Disallowance under s.14A was deleted as the assessee had self-disallowed and requisite satisfaction was recorded; interest disallowance under Rule 8D(2)(ii) and administrative-cost disallowances were restricted to investments that actually earned exempt dividends. Weighted deduction under s.35(2AB) for the Rohtak unit was allowed. Provisional liabilities relating to FPI-OE components were deleted. Sharing of resources with group entities and CSR expenditure were allowed. Income from mutual funds/shares held as investment classified as capital gains, not business income. CBDT circular applied retrospectively. Additions under s.40(a)(i)/s.195 were deleted; certain excise/customs/PLA issues allowed or remitted per higher-court directions; royalty and R&D cess disallowances deleted. en-us Sat, 18 Oct 2025 09:08:21 +0530 Sat, 18 Oct 2025 09:08:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=93478 ITAT allowed the assessee's appeal in major respects. Disallowance under s.14A was deleted as the assessee had self-disallowed and requisite satisfaction was recorded; interest disallowance under Rule 8D(2)(ii) and administrative-cost disallowances were restricted to investments that actually earned exempt dividends. Weighted deduction under s.35(2AB) for the Rohtak unit was allowed. Provisional liabilities relating to FPI-OE components were deleted. Sharing of resources with group entities and CSR expenditure were allowed. Income from mutual funds/shares held as investment classified as capital gains, not business income. CBDT circular applied retrospectively. Additions under s.40(a)(i)/s.195 were deleted; certain excise/customs/PLA issues allowed or remitted per higher-court directions; royalty and R&D cess disallowances deleted. Highlights Income Tax Sat, 18 Oct 2025 09:08:21 +0530 https://www.taxtmi.com/highlights?id=93478