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2013 (10) TMI 224 - HC - Income TaxDisallowance u/s 14A - Appointment of remuneration of the directors, travelling expenses - Held that:- since the amount involved is not very large, we reserve our final conclusion on such an issue in appropriate case. Therefore, we are not inclined to entertain this Tax Appeal. However, we should not be seen to have confirmed the Tribunal's view on the aspect that in absence of Rule 8D, no disallowances can be made under Section 14A of the Act, by proportionate bifurcation of the expenditure - Decided against Revenue.
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