https://www.taxtmi.com/caselaws?id=348074 Rule 8D can be applied only after the Assessing Officer, having regard to the accounts, records cogent dissatisfaction with the assessee's voluntary disallowance under section 14A. On the facts, no such dissatisfaction was recorded, and the investments were made in subsidiaries for commercial expediency with sufficient cost-free funds available. In that setting, further recomputation under Rule 8D could not be sustained, and the disallowance was deleted. en-us Wed, 30 Aug 2017 00:00:00 +0530 Sat, 16 Sep 2017 08:08:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348074 Rule 8D can be applied only after the Assessing Officer, having regard to the accounts, records cogent dissatisfaction with the assessee's voluntary disallowance under section 14A. On the facts, no such dissatisfaction was recorded, and the investments were made in subsidiaries for commercial expediency with sufficient cost-free funds available. In that setting, further recomputation under Rule 8D could not be sustained, and the disallowance was deleted. Case-Laws Income Tax Wed, 30 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348074