https://www.taxtmi.com/caselaws?id=351190 The court allowed the appeal of the assessee on both grounds. The disallowance of late delivery charges amounting to ? 25,00,000 was deemed allowable as it was based on a contractual obligation and a reasonable estimate, not contingent. The disallowance of expenses amounting to ? 1,57,566 under section 14A was deleted due to the Assessing Officer's failure to comply with the mandatory requirement of recording satisfaction before applying Rule 8D. en-us Mon, 13 Nov 2017 00:00:00 +0530 Tue, 21 Nov 2017 08:57:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351190 The court allowed the appeal of the assessee on both grounds. The disallowance of late delivery charges amounting to ? 25,00,000 was deemed allowable as it was based on a contractual obligation and a reasonable estimate, not contingent. The disallowance of expenses amounting to ? 1,57,566 under section 14A was deleted due to the Assessing Officer's failure to comply with the mandatory requirement of recording satisfaction before applying Rule 8D. Case-Laws Income Tax Mon, 13 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351190