https://www.taxtmi.com/caselaws?id=216556 The Tribunal set aside the CIT(A)'s order and remanded the case to the Assessing Officer for further review. The AO must reassess the disallowance under Section 14A read with Rule 8D, considering the lack of evidence supporting the claim that no expenditure was incurred for earning exempt income. The assessee is instructed to provide detailed expenditure records for managing investments. The Tribunal emphasized the AO's need to provide a reasoned decision and directed the assessee to furnish necessary documentation. The appeal was allowed for statistical purposes. en-us Fri, 27 Jul 2012 00:00:00 +0530 Thu, 07 Apr 2016 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216556 The Tribunal set aside the CIT(A)'s order and remanded the case to the Assessing Officer for further review. The AO must reassess the disallowance under Section 14A read with Rule 8D, considering the lack of evidence supporting the claim that no expenditure was incurred for earning exempt income. The assessee is instructed to provide detailed expenditure records for managing investments. The Tribunal emphasized the AO's need to provide a reasoned decision and directed the assessee to furnish necessary documentation. The appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 27 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216556