https://www.taxtmi.com/caselaws?id=271328 The Tribunal affirmed the disallowance of expenditure under Section 14A and upheld the application of Rule 8D for computing expenses related to exempt income. It found that the AO's satisfaction was duly recorded, justifying the disallowance, and interpreted Section 14A(3) to support the application of Rule 8D in such cases. The appellant's appeal was dismissed, and the disallowance of Rs. 1,21,805 for expenditure incurred for earning exempt income was upheld. en-us Thu, 05 Nov 2015 00:00:00 +0530 Tue, 02 Feb 2016 10:13:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271328 The Tribunal affirmed the disallowance of expenditure under Section 14A and upheld the application of Rule 8D for computing expenses related to exempt income. It found that the AO's satisfaction was duly recorded, justifying the disallowance, and interpreted Section 14A(3) to support the application of Rule 8D in such cases. The appellant's appeal was dismissed, and the disallowance of Rs. 1,21,805 for expenditure incurred for earning exempt income was upheld. Case-Laws Income Tax Thu, 05 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271328