https://www.taxtmi.com/caselaws?id=268252 The Tribunal partially allowed the appeal, reducing the disallowance under Section 14A of the Income-tax Act to Rs. 7,64,949/-, as offered by the assessee. It emphasized that the Assessing Officer must justify any disallowance and record satisfaction before applying Rule 8D. The Tribunal held that strategic investments generating dividend income should not be included in the disallowance calculation, citing precedent. The decision was rendered on 7.10.2015. en-us Wed, 07 Oct 2015 00:00:00 +0530 Mon, 23 Nov 2015 03:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268252 The Tribunal partially allowed the appeal, reducing the disallowance under Section 14A of the Income-tax Act to Rs. 7,64,949/-, as offered by the assessee. It emphasized that the Assessing Officer must justify any disallowance and record satisfaction before applying Rule 8D. The Tribunal held that strategic investments generating dividend income should not be included in the disallowance calculation, citing precedent. The decision was rendered on 7.10.2015. Case-Laws Income Tax Wed, 07 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268252