https://www.taxtmi.com/caselaws?id=283082 The Tribunal allowed the appeal filed by the assessee against the disallowance of interest under section 14A. The AO did not comply with the conditions stipulated in section 14A(2) or apply Rule 8D for computation of disallowance. As Rule 8D was applicable for the assessment year, the AO's failure to follow it rendered the disallowance invalid. The Tribunal emphasized the need for the AO to adhere to the prescribed method for disallowance under section 14A and set aside the order of the ld. CIT (A), ultimately ruling in favor of the assessee. en-us Fri, 06 Nov 2015 00:00:00 +0530 Fri, 06 Sep 2019 13:31:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283082 The Tribunal allowed the appeal filed by the assessee against the disallowance of interest under section 14A. The AO did not comply with the conditions stipulated in section 14A(2) or apply Rule 8D for computation of disallowance. As Rule 8D was applicable for the assessment year, the AO's failure to follow it rendered the disallowance invalid. The Tribunal emphasized the need for the AO to adhere to the prescribed method for disallowance under section 14A and set aside the order of the ld. CIT (A), ultimately ruling in favor of the assessee. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283082