https://www.taxtmi.com/caselaws?id=377011 The Tribunal allowed the appeal, emphasizing the importance of proper assessment and rejection procedures in determining disallowances under section 14A and rule 8D. The Tribunal found that the Assessing Officer did not properly reject the assessee's computations and applied Rule 8D without proper satisfaction as required by Section 14A, undermining the AO's jurisdiction. The net additional disallowance was deemed unsustainable as the assessee had already offered a suo-moto disallowance. The judgment was pronounced on 18th March 2019. en-us Mon, 18 Mar 2019 00:00:00 +0530 Tue, 19 Mar 2019 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377011 The Tribunal allowed the appeal, emphasizing the importance of proper assessment and rejection procedures in determining disallowances under section 14A and rule 8D. The Tribunal found that the Assessing Officer did not properly reject the assessee's computations and applied Rule 8D without proper satisfaction as required by Section 14A, undermining the AO's jurisdiction. The net additional disallowance was deemed unsustainable as the assessee had already offered a suo-moto disallowance. The judgment was pronounced on 18th March 2019. Case-Laws Income Tax Mon, 18 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377011