https://www.taxtmi.com/caselaws?id=271676 The tribunal allowed the appeal of the assessee, emphasizing that the Assessing Officer (AO) must be satisfied with the correctness of the claim before invoking Rule 8D for disallowance under Section 14A of the Income Tax Act. The tribunal held that the AO did not examine the claim or provide valid reasons for dissatisfaction, making the disallowance under Rule 8D unsustainable. The decision aligns with judicial precedents emphasizing the need for objective satisfaction by the AO before determining expenditure under Rule 8D. en-us Fri, 15 Jan 2016 00:00:00 +0530 Fri, 12 Feb 2016 10:00:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271676 The tribunal allowed the appeal of the assessee, emphasizing that the Assessing Officer (AO) must be satisfied with the correctness of the claim before invoking Rule 8D for disallowance under Section 14A of the Income Tax Act. The tribunal held that the AO did not examine the claim or provide valid reasons for dissatisfaction, making the disallowance under Rule 8D unsustainable. The decision aligns with judicial precedents emphasizing the need for objective satisfaction by the AO before determining expenditure under Rule 8D. Case-Laws Income Tax Fri, 15 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271676