https://www.taxtmi.com/caselaws?id=376678 The tribunal partially allowed the appeal in the case involving disallowance of expenses under section 14A of the Income-tax Act for assessment years 2012-13 and 2014-15. For the A.Y. 2012-13, the tribunal found that the Assessing Officer (AO) properly recorded satisfaction but directed a re-computation of disallowance considering only investments yielding exempt income. Similarly, for A.Y. 2014-15, the tribunal directed the AO to re-compute the disallowance under Rule 8D(2)(iii) by considering only investments generating exempt income, emphasizing the importance of proper satisfaction by the AO in such cases. en-us Tue, 12 Mar 2019 00:00:00 +0530 Wed, 13 Mar 2019 15:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376678 The tribunal partially allowed the appeal in the case involving disallowance of expenses under section 14A of the Income-tax Act for assessment years 2012-13 and 2014-15. For the A.Y. 2012-13, the tribunal found that the Assessing Officer (AO) properly recorded satisfaction but directed a re-computation of disallowance considering only investments yielding exempt income. Similarly, for A.Y. 2014-15, the tribunal directed the AO to re-compute the disallowance under Rule 8D(2)(iii) by considering only investments generating exempt income, emphasizing the importance of proper satisfaction by the AO in such cases. Case-Laws Income Tax Tue, 12 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376678