https://www.taxtmi.com/caselaws?id=386982 The Tribunal allowed the appeal of the assessee regarding the disallowance under section 14A read with Rule 8D of the Income Tax Act, reversing the lower authorities' decision due to lack of proper satisfaction by the assessing officer and erroneous confirmation by the Commissioner of Income Tax (Appeals) based on previous acceptance. The Tribunal did not extensively discuss or provide reasoning for upholding the levy of interest under section 234C of the Act, indicating it was not a significant issue in the case. en-us Wed, 18 Sep 2019 00:00:00 +0530 Mon, 14 Oct 2019 11:15:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386982 The Tribunal allowed the appeal of the assessee regarding the disallowance under section 14A read with Rule 8D of the Income Tax Act, reversing the lower authorities' decision due to lack of proper satisfaction by the assessing officer and erroneous confirmation by the Commissioner of Income Tax (Appeals) based on previous acceptance. The Tribunal did not extensively discuss or provide reasoning for upholding the levy of interest under section 234C of the Act, indicating it was not a significant issue in the case. Case-Laws Income Tax Wed, 18 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386982