https://www.taxtmi.com/caselaws?id=356763 The ITAT dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the disallowance under Section 14A read with Rule 8D. The ITAT concluded that the AO's satisfaction was not based on cogent grounds, and most investments were either taxable or strategic. Therefore, the ITAT found the assessee's disallowance of Rs. 10,49,770/- to be adequate, and no further disallowance was warranted. en-us Tue, 13 Feb 2018 00:00:00 +0530 Mon, 12 Mar 2018 05:46:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356763 The ITAT dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the disallowance under Section 14A read with Rule 8D. The ITAT concluded that the AO's satisfaction was not based on cogent grounds, and most investments were either taxable or strategic. Therefore, the ITAT found the assessee's disallowance of Rs. 10,49,770/- to be adequate, and no further disallowance was warranted. Case-Laws Income Tax Tue, 13 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356763