https://www.taxtmi.com/caselaws?id=251490 The Tribunal upheld the Assessing Officer's application of Rule 8D for disallowance under Section 14A of the Income-tax Act, noting the inherent expenditure in managing investments generating exempt income. The Tribunal found the AO's satisfaction regarding Section 14A proper, based on reasoned analysis. It directed the AO to verify and correct any errors in the Rule 8D computation for accurate disallowance. The appeal was partly allowed for statistical purposes, instructing a re-examination of the disallowance calculation. en-us Fri, 29 Aug 2014 00:00:00 +0530 Mon, 16 Feb 2015 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251490 The Tribunal upheld the Assessing Officer's application of Rule 8D for disallowance under Section 14A of the Income-tax Act, noting the inherent expenditure in managing investments generating exempt income. The Tribunal found the AO's satisfaction regarding Section 14A proper, based on reasoned analysis. It directed the AO to verify and correct any errors in the Rule 8D computation for accurate disallowance. The appeal was partly allowed for statistical purposes, instructing a re-examination of the disallowance calculation. Case-Laws Income Tax Fri, 29 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251490