https://www.taxtmi.com/caselaws?id=184904 The Tribunal allowed the Cross Objection of the assessee, condoning the delay in filing and dismissing the appeal. The disallowance under section 14A read with Rule 8D was deleted as the AO did not record satisfaction under Rule 8D(1) before invoking Rule 8D(2). The Tribunal emphasized the importance of recording satisfaction and following procedural rules, ruling in favor of the assessee based on legal precedents. en-us Wed, 11 May 2016 00:00:00 +0530 Sat, 23 Jul 2016 20:31:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184904 The Tribunal allowed the Cross Objection of the assessee, condoning the delay in filing and dismissing the appeal. The disallowance under section 14A read with Rule 8D was deleted as the AO did not record satisfaction under Rule 8D(1) before invoking Rule 8D(2). The Tribunal emphasized the importance of recording satisfaction and following procedural rules, ruling in favor of the assessee based on legal precedents. Case-Laws Income Tax Wed, 11 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184904