https://www.taxtmi.com/caselaws?id=277847 The tribunal remanded the case back to the assessing officer, directing a reevaluation of the disallowance of expenditure under section 14A of the Income Tax Act read with rule 8D for the assessment year 2008-09. The assessing officer was instructed to objectively assess the correctness of the assessee's claim before applying rule 8D, following the precedent set in the 'Godrej & Boyce Manufacturing Co. Ltd.' case. The assessing officer was required to provide reasons for any dissatisfaction with the assessee's claim and allow the assessee to present all relevant facts. The appeal of the assessee was allowed for statistical purposes. en-us Mon, 28 Jul 2014 00:00:00 +0530 Thu, 27 Dec 2018 06:29:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277847 The tribunal remanded the case back to the assessing officer, directing a reevaluation of the disallowance of expenditure under section 14A of the Income Tax Act read with rule 8D for the assessment year 2008-09. The assessing officer was instructed to objectively assess the correctness of the assessee's claim before applying rule 8D, following the precedent set in the 'Godrej & Boyce Manufacturing Co. Ltd.' case. The assessing officer was required to provide reasons for any dissatisfaction with the assessee's claim and allow the assessee to present all relevant facts. The appeal of the assessee was allowed for statistical purposes. Case-Laws Income Tax Mon, 28 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277847