https://www.taxtmi.com/caselaws?id=219394 ITAT Mumbai held that for any disallowance under s.14A the AO must first examine the assessee's claim that no expenditure (or specific expenditure) was incurred in relation to exempt income; if satisfied, no computation under Rule 8D is required. Rule 8D applies only where the AO is not satisfied about the correctness of the assessee's claim regarding expenditure relating to exempt income. Appeal allowed in favour of the assessee. en-us Wed, 25 Jul 2012 00:00:00 +0530 Mon, 03 Nov 2025 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219394 ITAT Mumbai held that for any disallowance under s.14A the AO must first examine the assessee's claim that no expenditure (or specific expenditure) was incurred in relation to exempt income; if satisfied, no computation under Rule 8D is required. Rule 8D applies only where the AO is not satisfied about the correctness of the assessee's claim regarding expenditure relating to exempt income. Appeal allowed in favour of the assessee. Case-Laws Income Tax Wed, 25 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219394