https://www.taxtmi.com/caselaws?id=469566 Section 14A read with Rule 8D disallowance was held unsustainable for a bank's investments held as stock-in-trade, as the issue was already covered by the assessee's own earlier year decision. The Tribunal applied the principle of consistency, noting no material change in facts or circumstances and following the coordinate bench's settled view. It accepted that the Revenue's approach could not displace binding precedent on this issue, and the deletion of the disallowance was upheld. en-us Wed, 10 Jul 2024 00:00:00 +0530 Mon, 22 Jun 2026 19:00:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469566 Section 14A read with Rule 8D disallowance was held unsustainable for a bank's investments held as stock-in-trade, as the issue was already covered by the assessee's own earlier year decision. The Tribunal applied the principle of consistency, noting no material change in facts or circumstances and following the coordinate bench's settled view. It accepted that the Revenue's approach could not displace binding precedent on this issue, and the deletion of the disallowance was upheld. Case-Laws Income Tax Wed, 10 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469566