https://www.taxtmi.com/caselaws?id=391001 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer (AO) to limit the disallowance under Section 14A to the suomoto disallowance already made by the assessee. The Tribunal emphasized the requirement for the AO to establish satisfaction regarding the inaccuracy of the assessee's claim before applying Rule 8D. The AO's failure to meet this statutory prerequisite rendered the additional disallowance invalid, leading to the deletion of the excess disallowance by the AO. en-us Fri, 10 Jan 2020 00:00:00 +0530 Wed, 15 Jan 2020 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391001 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer (AO) to limit the disallowance under Section 14A to the suomoto disallowance already made by the assessee. The Tribunal emphasized the requirement for the AO to establish satisfaction regarding the inaccuracy of the assessee's claim before applying Rule 8D. The AO's failure to meet this statutory prerequisite rendered the additional disallowance invalid, leading to the deletion of the excess disallowance by the AO. Case-Laws Income Tax Fri, 10 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391001