https://www.taxtmi.com/caselaws?id=330022 The Appellate Tribunal ITAT Kolkata partially allowed the appeal regarding disallowance under section 14A of the Income Tax Act, 1961 for the assessment year 2010-11. It held that the Assessing Officer has the discretion to determine the disallowance figure without strictly applying Rule 8D, as long as it complies with section 14A(2). The tribunal emphasized the importance of a fair apportionment of expenses and directed the AO to make the disallowance accordingly, considering the specific circumstances of the case. en-us Fri, 08 Jul 2016 00:00:00 +0530 Fri, 15 Jul 2016 11:54:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330022 The Appellate Tribunal ITAT Kolkata partially allowed the appeal regarding disallowance under section 14A of the Income Tax Act, 1961 for the assessment year 2010-11. It held that the Assessing Officer has the discretion to determine the disallowance figure without strictly applying Rule 8D, as long as it complies with section 14A(2). The tribunal emphasized the importance of a fair apportionment of expenses and directed the AO to make the disallowance accordingly, considering the specific circumstances of the case. Case-Laws Income Tax Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330022