https://www.taxtmi.com/caselaws?id=256895 The Tribunal allowed the Revenue's appeal, overturning the CIT(A)'s decision and restoring the Assessing Officer's computation of disallowance under Section 14A read with Rule 8D of the Income Tax Act. The Tribunal emphasized that disallowance under Section 14A is warranted irrespective of the actual receipt of dividend income and upheld the correctness of the AO's application of Rule 8D in determining the expenditure related to income not forming part of the total income. en-us Fri, 06 Feb 2015 00:00:00 +0530 Mon, 23 Feb 2015 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256895 The Tribunal allowed the Revenue's appeal, overturning the CIT(A)'s decision and restoring the Assessing Officer's computation of disallowance under Section 14A read with Rule 8D of the Income Tax Act. The Tribunal emphasized that disallowance under Section 14A is warranted irrespective of the actual receipt of dividend income and upheld the correctness of the AO's application of Rule 8D in determining the expenditure related to income not forming part of the total income. Case-Laws Income Tax Fri, 06 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256895