https://www.taxtmi.com/caselaws?id=376194 The Tribunal allowed the appeal, ruling in favor of the appellant. It held that the Commissioner of Income Tax (Appeals) exceeded jurisdiction by enhancing income from a new source not previously assessed. The Tribunal emphasized the necessity of recording satisfaction before making disallowances under section 14A r.w. Rule 8D. Consequently, the enhancement made by the Commissioner of Income Tax (Appeals) under section 14A r.w. Rule 8D was set aside. en-us Wed, 27 Feb 2019 00:00:00 +0530 Mon, 04 Mar 2019 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376194 The Tribunal allowed the appeal, ruling in favor of the appellant. It held that the Commissioner of Income Tax (Appeals) exceeded jurisdiction by enhancing income from a new source not previously assessed. The Tribunal emphasized the necessity of recording satisfaction before making disallowances under section 14A r.w. Rule 8D. Consequently, the enhancement made by the Commissioner of Income Tax (Appeals) under section 14A r.w. Rule 8D was set aside. Case-Laws Income Tax Wed, 27 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376194