https://www.taxtmi.com/caselaws?id=248906 The Tribunal allowed the Assessee's appeal against the Commissioner of Income Tax's disallowance under section 14A for the assessment year 2008-09. The case centered on the variance in disallowed amounts between the Revenue and the Assessee. The Tribunal stressed the necessity of factual determination and adherence to legal procedures, directing a fresh assessment by the Assessing Officer within the confines of Rule 8D without exceeding the statutory mandate. The decision underscored the significance of affording the Assessee a fair opportunity to present their case. en-us Tue, 17 Jun 2014 00:00:00 +0530 Sat, 28 Jun 2014 14:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248906 The Tribunal allowed the Assessee's appeal against the Commissioner of Income Tax's disallowance under section 14A for the assessment year 2008-09. The case centered on the variance in disallowed amounts between the Revenue and the Assessee. The Tribunal stressed the necessity of factual determination and adherence to legal procedures, directing a fresh assessment by the Assessing Officer within the confines of Rule 8D without exceeding the statutory mandate. The decision underscored the significance of affording the Assessee a fair opportunity to present their case. Case-Laws Income Tax Tue, 17 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248906