https://www.taxtmi.com/caselaws?id=378064 The Tribunal upheld the disallowance under section 14A of the Income Tax Act, 1961 for the assessment years 2013-14 and 2014-15. It emphasized the mandatory requirement of recording satisfaction before invoking Rule 8D and making any disallowance. The Tribunal found that the Assessing Officer had satisfied the requirements of section 14A(3) by issuing a show cause notice and considering the assessee's responses. As no other grounds challenging the disallowance were raised, the Tribunal dismissed the appeals, affirming the impugned orders for both assessment years. en-us Thu, 28 Feb 2019 00:00:00 +0530 Mon, 08 Apr 2019 09:33:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378064 The Tribunal upheld the disallowance under section 14A of the Income Tax Act, 1961 for the assessment years 2013-14 and 2014-15. It emphasized the mandatory requirement of recording satisfaction before invoking Rule 8D and making any disallowance. The Tribunal found that the Assessing Officer had satisfied the requirements of section 14A(3) by issuing a show cause notice and considering the assessee's responses. As no other grounds challenging the disallowance were raised, the Tribunal dismissed the appeals, affirming the impugned orders for both assessment years. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378064