https://www.taxtmi.com/caselaws?id=239352 Section 14A disallowance under Rule 8D was recomputed by the Commissioner (Appeals) after correcting factual inaccuracies in the Assessing Officer's figures. The assessee had already made a voluntary disallowance against exempt dividend income, and the Assessing Officer enhanced it without recording that the assessee's own computation was unreasonable or inadequate. The Revenue did not dispute the corrected figures before the appellate authority, so the recomputation stood on the basis of correct and undisputed facts. The observation that Rule 8D was not retrospective did not affect the result because the appellate computation was otherwise made on proper figures. en-us Wed, 23 Oct 2013 00:00:00 +0530 Tue, 12 Nov 2013 08:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239352 Section 14A disallowance under Rule 8D was recomputed by the Commissioner (Appeals) after correcting factual inaccuracies in the Assessing Officer's figures. The assessee had already made a voluntary disallowance against exempt dividend income, and the Assessing Officer enhanced it without recording that the assessee's own computation was unreasonable or inadequate. The Revenue did not dispute the corrected figures before the appellate authority, so the recomputation stood on the basis of correct and undisputed facts. The observation that Rule 8D was not retrospective did not affect the result because the appellate computation was otherwise made on proper figures. Case-Laws Income Tax Wed, 23 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239352