https://www.taxtmi.com/caselaws?id=375192 Invocation of Rule 8D to compute disallowance for exempt income is impermissible where the assessing officer has not recorded that the assessee's suo moto disallowance was unsatisfactory after examining the assessee's accounts. The legal basis requires a formal finding of non-satisfaction in the assessment file before a mechanical application of Rule 8D; absent that recorded satisfaction-finding in the terms prescribed by law, Rule 8D cannot be applied. Consequently, procedural compliance in recording the assessing officer's dissatisfaction is a precondition to invoking the rule and determining disallowance. en-us Wed, 06 Feb 2019 00:00:00 +0530 Mon, 02 Feb 2026 13:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375192 Invocation of Rule 8D to compute disallowance for exempt income is impermissible where the assessing officer has not recorded that the assessee's suo moto disallowance was unsatisfactory after examining the assessee's accounts. The legal basis requires a formal finding of non-satisfaction in the assessment file before a mechanical application of Rule 8D; absent that recorded satisfaction-finding in the terms prescribed by law, Rule 8D cannot be applied. Consequently, procedural compliance in recording the assessing officer's dissatisfaction is a precondition to invoking the rule and determining disallowance. Case-Laws Income Tax Wed, 06 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375192