Assessing Officer Must Use Rule 8D(2) Method for Disallowance u/s 14A; CIT(A) Wrong to Approve 10% Estimation. https://www.taxtmi.com/highlights?id=23699 Disallowance under Section 14A - it is mandatory for the AO to adopt the method prescribed in Rule 8D(2) - CIT(Appeals) is not justified in accepting the ad hoc expenditure on estimation of 10% of the income - AT en-us Thu, 09 Jul 2015 07:19:11 +0530 Thu, 09 Jul 2015 07:19:11 +0530 TaxTMI RSS Generator Assessing Officer Must Use Rule 8D(2) Method for Disallowance u/s 14A; CIT(A) Wrong to Approve 10% Estimation. https://www.taxtmi.com/highlights?id=23699 Disallowance under Section 14A - it is mandatory for the AO to adopt the method prescribed in Rule 8D(2) - CIT(Appeals) is not justified in accepting the ad hoc expenditure on estimation of 10% of the income - AT Highlights Income Tax Thu, 09 Jul 2015 07:19:11 +0530 https://www.taxtmi.com/highlights?id=23699