https://www.taxtmi.com/caselaws?id=378247 The Tribunal dismissed the appeal of the Revenue and the cross objection filed by the assessee, affirming the decision of the Ld. CIT(A) regarding the disallowance under Section 14A of the Income-tax Act, 1961. The judgment emphasized the necessity for the Assessing Officer to properly assess the claim of expenditure in relation to exempt income before invoking Rule 8D for making any disallowances. en-us Fri, 01 Feb 2019 00:00:00 +0530 Fri, 12 Apr 2019 05:06:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378247 The Tribunal dismissed the appeal of the Revenue and the cross objection filed by the assessee, affirming the decision of the Ld. CIT(A) regarding the disallowance under Section 14A of the Income-tax Act, 1961. The judgment emphasized the necessity for the Assessing Officer to properly assess the claim of expenditure in relation to exempt income before invoking Rule 8D for making any disallowances. Case-Laws Income Tax Fri, 01 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378247