https://www.taxtmi.com/caselaws?id=182417 The Tribunal allowed the assessee's appeal for statistical purposes, remanding the matter to the Assessing Officer to reconsider the disallowance of expenses under Section 14A read with Rule 8D. The Tribunal emphasized the necessity of the Assessing Officer recording specific satisfaction regarding the correctness of the assessee's claim of no expenditure for earning exempt income. Additionally, investments in subsidiary companies for strategic purposes were deemed non-allowable for disallowance under Rule 8D. The Assessing Officer was directed to exclude such investments from the computation of disallowance. en-us Wed, 06 Jan 2016 00:00:00 +0530 Tue, 10 May 2016 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182417 The Tribunal allowed the assessee's appeal for statistical purposes, remanding the matter to the Assessing Officer to reconsider the disallowance of expenses under Section 14A read with Rule 8D. The Tribunal emphasized the necessity of the Assessing Officer recording specific satisfaction regarding the correctness of the assessee's claim of no expenditure for earning exempt income. Additionally, investments in subsidiary companies for strategic purposes were deemed non-allowable for disallowance under Rule 8D. The Assessing Officer was directed to exclude such investments from the computation of disallowance. Case-Laws Income Tax Wed, 06 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182417