https://www.taxtmi.com/caselaws?id=192789 The Tribunal partially allowed the appeal of the assessee, reducing the disallowance under section 14A to 10% of the remaining administrative expenses, totaling INR 16,60,983. The Tribunal criticized the Assessing Officer and the Commissioner of Income Tax (Appeals) for mechanically applying Rule 8D without proper reasoning, emphasizing the need for objective satisfaction in disallowing expenses related to exempt income. The decision was based on the specific facts of the case and should not be viewed as setting a precedent for future cases. en-us Wed, 17 Sep 2014 00:00:00 +0530 Tue, 20 Jun 2017 22:22:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192789 The Tribunal partially allowed the appeal of the assessee, reducing the disallowance under section 14A to 10% of the remaining administrative expenses, totaling INR 16,60,983. The Tribunal criticized the Assessing Officer and the Commissioner of Income Tax (Appeals) for mechanically applying Rule 8D without proper reasoning, emphasizing the need for objective satisfaction in disallowing expenses related to exempt income. The decision was based on the specific facts of the case and should not be viewed as setting a precedent for future cases. Case-Laws Income Tax Wed, 17 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192789