https://www.taxtmi.com/caselaws?id=265477 The High Court dismissed the appeal regarding disallowance under Section 14A of the Income Tax Act, 1961 for the Assessment Year 2009-10. It emphasized the necessity for the Assessing Officer to be unsatisfied with the Assessee's claim before making any disallowance related to exempt income. The Court reiterated the requirement for the AO to record satisfaction and provide cogent reasons before invoking Section 14A read with Rule 8D, based on legal principles and previous judgments. The appeal was dismissed as no substantial question of law arose from the analysis. en-us Thu, 24 Sep 2015 00:00:00 +0530 Wed, 04 May 2016 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265477 The High Court dismissed the appeal regarding disallowance under Section 14A of the Income Tax Act, 1961 for the Assessment Year 2009-10. It emphasized the necessity for the Assessing Officer to be unsatisfied with the Assessee's claim before making any disallowance related to exempt income. The Court reiterated the requirement for the AO to record satisfaction and provide cogent reasons before invoking Section 14A read with Rule 8D, based on legal principles and previous judgments. The appeal was dismissed as no substantial question of law arose from the analysis. Case-Laws Income Tax Thu, 24 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265477