https://www.taxtmi.com/caselaws?id=244066 The Tribunal held that the income-tax authorities were not justified in enhancing the disallowance under Section 14A to Rs.1,05,46,918. The Assessing Officer's failure to record satisfaction about the incorrectness of the assessee's claim before invoking Rule 8D rendered the additional disallowance invalid. The Tribunal directed the Assessing Officer to retain the disallowance at Rs.5,00,000 as declared by the assessee, allowing the appeal. en-us Thu, 30 Jan 2014 00:00:00 +0530 Mon, 17 Feb 2014 19:46:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244066 The Tribunal held that the income-tax authorities were not justified in enhancing the disallowance under Section 14A to Rs.1,05,46,918. The Assessing Officer's failure to record satisfaction about the incorrectness of the assessee's claim before invoking Rule 8D rendered the additional disallowance invalid. The Tribunal directed the Assessing Officer to retain the disallowance at Rs.5,00,000 as declared by the assessee, allowing the appeal. Case-Laws Income Tax Thu, 30 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244066