https://www.taxtmi.com/caselaws?id=347353 The Tribunal allowed the appeal of the assessee, granting relief on various grounds related to disallowances and assessments by the Assessing Officer. The judgment stressed the significance of proper assessment procedures and considerations in determining disallowances under section 14A. It highlighted the necessity for a thorough examination of expenses linked to exempt income and emphasized that Rule 8D is not obligatory in all cases involving exempt income, particularly when investments align with business activities rather than passive investments. en-us Wed, 23 Aug 2017 00:00:00 +0530 Fri, 01 Sep 2017 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347353 The Tribunal allowed the appeal of the assessee, granting relief on various grounds related to disallowances and assessments by the Assessing Officer. The judgment stressed the significance of proper assessment procedures and considerations in determining disallowances under section 14A. It highlighted the necessity for a thorough examination of expenses linked to exempt income and emphasized that Rule 8D is not obligatory in all cases involving exempt income, particularly when investments align with business activities rather than passive investments. Case-Laws Income Tax Wed, 23 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347353