https://www.taxtmi.com/caselaws?id=242628 The ITAT allowed the appeal, directing the AO to delete the disallowance of expenses under section 14A read with Rule 8D. The ITAT emphasized the necessity for the AO to be objectively satisfied with the correctness of the claim before invoking Rule 8D, highlighting compliance with legal provisions and precedents for a fair assessment process. en-us Wed, 12 Jun 2013 00:00:00 +0530 Sun, 19 Jan 2014 09:44:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242628 The ITAT allowed the appeal, directing the AO to delete the disallowance of expenses under section 14A read with Rule 8D. The ITAT emphasized the necessity for the AO to be objectively satisfied with the correctness of the claim before invoking Rule 8D, highlighting compliance with legal provisions and precedents for a fair assessment process. Case-Laws Income Tax Wed, 12 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242628