https://www.taxtmi.com/caselaws?id=336219 The Tribunal allowed the appeal filed by the assessee, setting aside the disallowance made under section 14A of the Income Tax Act. The disallowance of expenses incurred by the assessee was found unsustainable as there was no dissatisfaction with the correctness of the claim. The Tribunal emphasized the need for the Assessing Officer to follow prescribed methods when making disallowances under section 14A, deleting the disallowance and ruling in favor of the assessee based on legal precedents and Rule 8D of the Income Tax Rules, 1962. en-us Wed, 14 Dec 2016 00:00:00 +0530 Sat, 17 Dec 2016 18:34:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336219 The Tribunal allowed the appeal filed by the assessee, setting aside the disallowance made under section 14A of the Income Tax Act. The disallowance of expenses incurred by the assessee was found unsustainable as there was no dissatisfaction with the correctness of the claim. The Tribunal emphasized the need for the Assessing Officer to follow prescribed methods when making disallowances under section 14A, deleting the disallowance and ruling in favor of the assessee based on legal precedents and Rule 8D of the Income Tax Rules, 1962. Case-Laws Income Tax Wed, 14 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336219