https://www.taxtmi.com/caselaws?id=250210 The Tribunal allowed the appeal filed by the assessee, holding that the Assessing Officer failed to record the necessary satisfaction before applying Rule 8D for disallowance under Section 14A. The Tribunal also upheld the CIT(A)'s direction to the AO for calculating disallowance under Section 94(7) and Section 14A on earning of dividend income on stock in trade at 10%. The appeal was allowed in favor of the assessee. en-us Thu, 24 Jul 2014 00:00:00 +0530 Wed, 06 Aug 2014 08:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250210 The Tribunal allowed the appeal filed by the assessee, holding that the Assessing Officer failed to record the necessary satisfaction before applying Rule 8D for disallowance under Section 14A. The Tribunal also upheld the CIT(A)'s direction to the AO for calculating disallowance under Section 94(7) and Section 14A on earning of dividend income on stock in trade at 10%. The appeal was allowed in favor of the assessee. Case-Laws Income Tax Thu, 24 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250210