https://www.taxtmi.com/caselaws?id=190139 The Tribunal partly allowed both appeals concerning additions under section 14A for AY 2008-09 and AY 2009-10. The Tribunal directed the Assessing Officer to disallow one percent of the dividend income as disallowance u/s 14A, criticizing the mechanical approach of the AO and CIT(A) in not considering the Assessee's explanations and failing to determine the correctness of the claims. The Tribunal emphasized the requirement for proper satisfaction by the AO before invoking Rule 8D as mandated by subsection 2 of section 14A. en-us Tue, 30 Apr 2013 00:00:00 +0530 Tue, 07 Feb 2017 12:53:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190139 The Tribunal partly allowed both appeals concerning additions under section 14A for AY 2008-09 and AY 2009-10. The Tribunal directed the Assessing Officer to disallow one percent of the dividend income as disallowance u/s 14A, criticizing the mechanical approach of the AO and CIT(A) in not considering the Assessee's explanations and failing to determine the correctness of the claims. The Tribunal emphasized the requirement for proper satisfaction by the AO before invoking Rule 8D as mandated by subsection 2 of section 14A. Case-Laws Income Tax Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190139