https://www.taxtmi.com/caselaws?id=248873 The Tribunal upheld the mandatory nature of Rule 8D of the Income Tax Rules, affirming the Assessing Officer's application of the rule in determining the disallowance amount under Section 14A. The Tribunal found that the AO correctly applied Rule 8D in calculating the disallowance of Rs. 52,56,197, which was deemed justified and in line with the expenses directly related to business activities. The Tribunal dismissed the assessee's appeal, upholding the CIT(A)'s decision and the AO's actions, concluding that no relief was warranted in this matter. en-us Fri, 06 Jun 2014 00:00:00 +0530 Tue, 17 Mar 2015 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248873 The Tribunal upheld the mandatory nature of Rule 8D of the Income Tax Rules, affirming the Assessing Officer's application of the rule in determining the disallowance amount under Section 14A. The Tribunal found that the AO correctly applied Rule 8D in calculating the disallowance of Rs. 52,56,197, which was deemed justified and in line with the expenses directly related to business activities. The Tribunal dismissed the assessee's appeal, upholding the CIT(A)'s decision and the AO's actions, concluding that no relief was warranted in this matter. Case-Laws Income Tax Fri, 06 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248873