https://www.taxtmi.com/caselaws?id=284872 The Tribunal set aside the disallowance under section 14A r.w.r. 8D (2)(iii) of the Income Tax Act, ruling in favor of the assessee. The Tribunal found the AO's decision to disallow expenses without evidence of administrative costs unreasonable, emphasizing the need for a reasonable application of the law. The mechanical application of Rule 8D(2)(iii) was deemed unwarranted, leading to the reversal of the disallowance and allowing the assessee's appeal ex-parte. en-us Tue, 23 Jul 2019 00:00:00 +0530 Sat, 14 Dec 2019 14:28:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284872 The Tribunal set aside the disallowance under section 14A r.w.r. 8D (2)(iii) of the Income Tax Act, ruling in favor of the assessee. The Tribunal found the AO's decision to disallow expenses without evidence of administrative costs unreasonable, emphasizing the need for a reasonable application of the law. The mechanical application of Rule 8D(2)(iii) was deemed unwarranted, leading to the reversal of the disallowance and allowing the assessee's appeal ex-parte. Case-Laws Income Tax Tue, 23 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284872