https://www.taxtmi.com/caselaws?id=273022 The appeal challenged the Commissioner of Income Tax(A)'s order regarding the disallowance of expenses under section 14A of the IT Act and Rule 8D for AY 2008-09. The ITAT allowed the appeal, directing a reassessment by the Assessing Officer. The ITAT emphasized the need for the AO to properly consider legal principles and judgments cited by the assessee, ensuring a fair hearing and reasoned basis for disallowing expenses related to exempt income under section 14A. en-us Fri, 22 Nov 2013 00:00:00 +0530 Thu, 31 May 2018 14:19:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273022 The appeal challenged the Commissioner of Income Tax(A)'s order regarding the disallowance of expenses under section 14A of the IT Act and Rule 8D for AY 2008-09. The ITAT allowed the appeal, directing a reassessment by the Assessing Officer. The ITAT emphasized the need for the AO to properly consider legal principles and judgments cited by the assessee, ensuring a fair hearing and reasoned basis for disallowing expenses related to exempt income under section 14A. Case-Laws Income Tax Fri, 22 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273022