https://www.taxtmi.com/caselaws?id=379366 The ITAT Mumbai sustained deletion of an addition for interest accrued on outstanding debt because the issue had already been decided in the assessee's favour in earlier years and the facts remained unchanged. It also upheld deletion of the section 14A disallowance, holding that rule 8D could not be applied automatically where the Assessing Officer had not recorded satisfaction that the assessee's voluntary disallowance was incorrect. The Tribunal followed its earlier view in the assessee's own case on identical facts, and the revenue's appeals failed on both issues. en-us Wed, 24 Apr 2019 00:00:00 +0530 Wed, 01 May 2019 08:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379366 The ITAT Mumbai sustained deletion of an addition for interest accrued on outstanding debt because the issue had already been decided in the assessee's favour in earlier years and the facts remained unchanged. It also upheld deletion of the section 14A disallowance, holding that rule 8D could not be applied automatically where the Assessing Officer had not recorded satisfaction that the assessee's voluntary disallowance was incorrect. The Tribunal followed its earlier view in the assessee's own case on identical facts, and the revenue's appeals failed on both issues. Case-Laws Income Tax Wed, 24 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379366