https://www.taxtmi.com/caselaws?id=338063 The Tribunal allowed the appeal of the Private Limited Company, reversing the lower authorities' decisions. It held that the Assessing Officer's mechanical application of Rule 8D without examining the accounts and recording dissatisfaction was improper. The Tribunal emphasized that no disallowance under Section 14A is warranted if no expenditure was incurred for earning exempt income. The order was pronounced on 18/01/2017. en-us Wed, 18 Jan 2017 00:00:00 +0530 Tue, 24 Jan 2017 08:35:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338063 The Tribunal allowed the appeal of the Private Limited Company, reversing the lower authorities' decisions. It held that the Assessing Officer's mechanical application of Rule 8D without examining the accounts and recording dissatisfaction was improper. The Tribunal emphasized that no disallowance under Section 14A is warranted if no expenditure was incurred for earning exempt income. The order was pronounced on 18/01/2017. Case-Laws Income Tax Wed, 18 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338063