https://www.taxtmi.com/caselaws?id=177577 The Tribunal upheld the disallowance under Section 14A of the Income-tax Act, 1961 for the assessment year 2008-09. It ruled that the Assessing Officer is required to apply Rule 8D to determine expenditure related to income not forming part of the total income, even if the assessee claims no expenditure was incurred. The decision emphasized the statutory presumption under Section 14A(3) and dismissed the appeal, affirming the disallowance based on the legal framework provided in the Act. en-us Fri, 02 Mar 2012 00:00:00 +0530 Fri, 28 Jul 2017 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177577 The Tribunal upheld the disallowance under Section 14A of the Income-tax Act, 1961 for the assessment year 2008-09. It ruled that the Assessing Officer is required to apply Rule 8D to determine expenditure related to income not forming part of the total income, even if the assessee claims no expenditure was incurred. The decision emphasized the statutory presumption under Section 14A(3) and dismissed the appeal, affirming the disallowance based on the legal framework provided in the Act. Case-Laws Income Tax Fri, 02 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177577