https://www.taxtmi.com/caselaws?id=244973 The Tribunal partially allowed the appeal by remitting the disallowance under section 14A back to the Assessing Officer for fresh adjudication. It emphasized the requirement for the AO to prove the actual incurring of expenses for earning tax-exempt income before applying Rule 8D for disallowance. The issue of adding the disallowed amount under section 14A while computing book profit was deemed infructuous due to the remittance of the main issue for reassessment. en-us Fri, 31 Aug 2012 00:00:00 +0530 Thu, 13 Mar 2014 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244973 The Tribunal partially allowed the appeal by remitting the disallowance under section 14A back to the Assessing Officer for fresh adjudication. It emphasized the requirement for the AO to prove the actual incurring of expenses for earning tax-exempt income before applying Rule 8D for disallowance. The issue of adding the disallowed amount under section 14A while computing book profit was deemed infructuous due to the remittance of the main issue for reassessment. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244973