https://www.taxtmi.com/caselaws?id=285227 The appeal was allowed by the Tribunal for the assessment year 2011-2012. The disallowance under section 14A read with Rule 8D and the addition of disallowance for the computation of Book Profits under section 115JB were both deleted in favor of the assessee. The Tribunal emphasized the necessity for the Assessing Officer to record satisfaction before applying disallowances, which was not done in this case. The decision was based on precedents from the assessee's previous cases for other assessment years. en-us Fri, 15 Feb 2019 00:00:00 +0530 Fri, 03 Jan 2020 10:06:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285227 The appeal was allowed by the Tribunal for the assessment year 2011-2012. The disallowance under section 14A read with Rule 8D and the addition of disallowance for the computation of Book Profits under section 115JB were both deleted in favor of the assessee. The Tribunal emphasized the necessity for the Assessing Officer to record satisfaction before applying disallowances, which was not done in this case. The decision was based on precedents from the assessee's previous cases for other assessment years. Case-Laws Income Tax Fri, 15 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285227