https://www.taxtmi.com/caselaws?id=281966 The Tribunal allowed the appeal for statistical purposes, directing the AO to re-examine the disallowance issue under section 14A read with Rule 8D. The Tribunal emphasized that the AO must specify dissatisfaction with the assessee's computation before applying Rule 8D, as per the decision of the Hon'ble Bombay High Court in Godrej & Boyce Mfg. Co. Ltd. The revenue authorities were found to have mechanically applied the rule without addressing the assessee's arguments, leading to the direction for re-computation following the principles outlined in the Godrej & Boyce case. en-us Wed, 17 Apr 2013 00:00:00 +0530 Mon, 15 Jul 2019 11:54:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281966 The Tribunal allowed the appeal for statistical purposes, directing the AO to re-examine the disallowance issue under section 14A read with Rule 8D. The Tribunal emphasized that the AO must specify dissatisfaction with the assessee's computation before applying Rule 8D, as per the decision of the Hon'ble Bombay High Court in Godrej & Boyce Mfg. Co. Ltd. The revenue authorities were found to have mechanically applied the rule without addressing the assessee's arguments, leading to the direction for re-computation following the principles outlined in the Godrej & Boyce case. Case-Laws Income Tax Wed, 17 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281966