https://www.taxtmi.com/caselaws?id=179852 The Tribunal remitted the matter back to the Assessing Officer to record his satisfaction or dissatisfaction under Section 14A(2) and examine the correctness of the assessee's explanation regarding the expenditure related to income not included in the total income. Both appeals of the assessee were treated as allowed for statistical purposes. The judgment clarifies the application of Rule 8D for disallowance under Section 14A and emphasizes the significance of the Assessing Officer's satisfaction in determining such expenditure. en-us Tue, 30 Jun 2009 00:00:00 +0530 Thu, 10 Mar 2016 17:25:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179852 The Tribunal remitted the matter back to the Assessing Officer to record his satisfaction or dissatisfaction under Section 14A(2) and examine the correctness of the assessee's explanation regarding the expenditure related to income not included in the total income. Both appeals of the assessee were treated as allowed for statistical purposes. The judgment clarifies the application of Rule 8D for disallowance under Section 14A and emphasizes the significance of the Assessing Officer's satisfaction in determining such expenditure. Case-Laws Income Tax Tue, 30 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179852