https://www.taxtmi.com/caselaws?id=258087 The Tribunal found that the Assessing Officer erred in invoking Rule 8D without recording the necessary satisfaction as mandated by Section 14A(2) of the Income Tax Act and Rule 8D(1) of the Rules. Consequently, the disallowance confirmed by the Commissioner of Income Tax (Appeals) was deleted, and the appeal filed by the assessee was allowed. The order was pronounced on 25th March 2015, in favor of the assessee. en-us Wed, 25 Mar 2015 00:00:00 +0530 Tue, 31 Mar 2015 06:05:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258087 The Tribunal found that the Assessing Officer erred in invoking Rule 8D without recording the necessary satisfaction as mandated by Section 14A(2) of the Income Tax Act and Rule 8D(1) of the Rules. Consequently, the disallowance confirmed by the Commissioner of Income Tax (Appeals) was deleted, and the appeal filed by the assessee was allowed. The order was pronounced on 25th March 2015, in favor of the assessee. Case-Laws Income Tax Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258087