https://www.taxtmi.com/caselaws?id=348528 The Tribunal allowed the appeal, ruling in favor of the assessee by deleting the disallowance under section 14A of the Income Tax Act and directing the AO to remove the interest levied under section 234C. The Tribunal emphasized the need for the AO to objectively assess the correctness of the claim before invoking Rule 8D for disallowance, ultimately finding the AO's actions to be incorrect and in favor of the assessee. en-us Wed, 20 Sep 2017 00:00:00 +0530 Sat, 23 Sep 2017 10:40:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348528 The Tribunal allowed the appeal, ruling in favor of the assessee by deleting the disallowance under section 14A of the Income Tax Act and directing the AO to remove the interest levied under section 234C. The Tribunal emphasized the need for the AO to objectively assess the correctness of the claim before invoking Rule 8D for disallowance, ultimately finding the AO's actions to be incorrect and in favor of the assessee. Case-Laws Income Tax Wed, 20 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348528