https://www.taxtmi.com/caselaws?id=277997 The tribunal allowed the appeal filed by the assessee, holding that the Assessing Officer did not follow the proper procedure as required under Section 14A(2) and Rule 8D of the Income Tax Act. The tribunal directed the deletion of the disallowance made under Section 14A read with Rule 8D, as the AO failed to record satisfaction with the correctness of the assessee's claim based on the accounts. The appeal of the assessee was allowed, and the order was pronounced on 24.07.2014. en-us Thu, 24 Jul 2014 00:00:00 +0530 Fri, 04 Jan 2019 06:17:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277997 The tribunal allowed the appeal filed by the assessee, holding that the Assessing Officer did not follow the proper procedure as required under Section 14A(2) and Rule 8D of the Income Tax Act. The tribunal directed the deletion of the disallowance made under Section 14A read with Rule 8D, as the AO failed to record satisfaction with the correctness of the assessee's claim based on the accounts. The appeal of the assessee was allowed, and the order was pronounced on 24.07.2014. Case-Laws Income Tax Thu, 24 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277997