https://www.taxtmi.com/caselaws?id=182424 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to reconsider the disallowance under Section 14A read with Rule 8D. The Tribunal found that the AO and CIT(A) had not properly considered the assessee's claim of no expenditure incurred in earning exempt income. It emphasized the need for the AO to record satisfaction before making such disallowances and highlighted errors in the computation method. The matter was remitted back for a fresh decision with proper consideration and opportunity for the assessee. en-us Tue, 20 Aug 2013 00:00:00 +0530 Wed, 14 Dec 2016 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182424 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to reconsider the disallowance under Section 14A read with Rule 8D. The Tribunal found that the AO and CIT(A) had not properly considered the assessee's claim of no expenditure incurred in earning exempt income. It emphasized the need for the AO to record satisfaction before making such disallowances and highlighted errors in the computation method. The matter was remitted back for a fresh decision with proper consideration and opportunity for the assessee. Case-Laws Income Tax Tue, 20 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182424