https://www.taxtmi.com/caselaws?id=242819 The Tribunal dismissed the appeal, upholding the disallowance made by the Assessing Officer under Section 14A of the Income Tax Act. The decision was based on the application of Rule 8D to determine the disallowance amount, considering the actual expenditure incurred by the assessee in earning exempt income. The Tribunal found that the Assessing Officer had properly recorded satisfaction regarding the applicability of Section 14A, and the disallowance of Rs. 4,20,376 was deemed appropriate. en-us Fri, 17 Jan 2014 00:00:00 +0530 Tue, 21 Jan 2014 06:31:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242819 The Tribunal dismissed the appeal, upholding the disallowance made by the Assessing Officer under Section 14A of the Income Tax Act. The decision was based on the application of Rule 8D to determine the disallowance amount, considering the actual expenditure incurred by the assessee in earning exempt income. The Tribunal found that the Assessing Officer had properly recorded satisfaction regarding the applicability of Section 14A, and the disallowance of Rs. 4,20,376 was deemed appropriate. Case-Laws Income Tax Fri, 17 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242819