https://www.taxtmi.com/caselaws?id=391639 The Tribunal allowed the assessee's appeals, directing the deletion of disallowance under Section 14A for administrative expenses as the Assessing Officer failed to record objective satisfaction. The Tribunal upheld the allowance of professional fees paid to Mr. Arata Nambu and the decision to set aside the commission payment issue for further verification. The Revenue's appeals were dismissed, emphasizing the importance of objective satisfaction before invoking Section 14A and Rule 8D. en-us Thu, 30 Jan 2020 00:00:00 +0530 Mon, 03 Feb 2020 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391639 The Tribunal allowed the assessee's appeals, directing the deletion of disallowance under Section 14A for administrative expenses as the Assessing Officer failed to record objective satisfaction. The Tribunal upheld the allowance of professional fees paid to Mr. Arata Nambu and the decision to set aside the commission payment issue for further verification. The Revenue's appeals were dismissed, emphasizing the importance of objective satisfaction before invoking Section 14A and Rule 8D. Case-Laws Income Tax Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391639