https://www.taxtmi.com/caselaws?id=189405 Commission paid to a managing director was allowed to remain deductible because the issue had already been decided in the assessee's favour in earlier years and that settled view was followed. Section 14A disallowance could not be computed mechanically by applying rule 8D for years before its operation; the Assessing Officer was required to first examine the assessee's claim, record dissatisfaction with reasons, and then adopt a reasonable apportionment method. The commission disallowance therefore stood deleted, while the section 14A matter was remitted for fresh determination in accordance with the approved approach. en-us Fri, 27 Jun 2014 00:00:00 +0530 Sun, 08 Jan 2017 19:21:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189405 Commission paid to a managing director was allowed to remain deductible because the issue had already been decided in the assessee's favour in earlier years and that settled view was followed. Section 14A disallowance could not be computed mechanically by applying rule 8D for years before its operation; the Assessing Officer was required to first examine the assessee's claim, record dissatisfaction with reasons, and then adopt a reasonable apportionment method. The commission disallowance therefore stood deleted, while the section 14A matter was remitted for fresh determination in accordance with the approved approach. Case-Laws Income Tax Fri, 27 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189405