https://www.taxtmi.com/caselaws?id=245322 The Tribunal allowed the appeal against the Commissioner of Income Tax (Appeals) order partly, directing a fresh consideration by the Assessing Officer regarding disallowance under section 14A read with Rule 8D of the Income Tax Rules, 1962. The Tribunal emphasized the need for the Assessing Officer to determine the basis for apportioning common activities' expenses uniformly to eliminate arbitrariness across assessments under the Act. The matter was remanded for both parties to discharge their onus under section 14A, with the Assessing Officer required to issue a speaking order clearly stating findings concerning sections 14A(2) and 14A(3) of the Act. en-us Thu, 06 Mar 2014 00:00:00 +0530 Wed, 26 Mar 2014 14:39:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245322 The Tribunal allowed the appeal against the Commissioner of Income Tax (Appeals) order partly, directing a fresh consideration by the Assessing Officer regarding disallowance under section 14A read with Rule 8D of the Income Tax Rules, 1962. The Tribunal emphasized the need for the Assessing Officer to determine the basis for apportioning common activities' expenses uniformly to eliminate arbitrariness across assessments under the Act. The matter was remanded for both parties to discharge their onus under section 14A, with the Assessing Officer required to issue a speaking order clearly stating findings concerning sections 14A(2) and 14A(3) of the Act. Case-Laws Income Tax Thu, 06 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245322