https://www.taxtmi.com/caselaws?id=396669 The High Court allowed the Tax Case Appeals challenging the Income Tax Appellate Tribunal's order for Assessment Years 2011-12 and 2012-13 under Section 260A of the Income Tax Act. The court emphasized the importance of procedural compliance and objective assessment in applying Section 14A, remitting the matters to the Assessing Officer for fresh consideration in accordance with the law. The Assessing Officer's failure to comply with the mandatory requirements of Section 14A(2) and Rule 8D led to the reduction of disallowances and necessitated a remand for further assessment. en-us Tue, 07 Jul 2020 00:00:00 +0530 Wed, 15 Jul 2020 16:23:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396669 The High Court allowed the Tax Case Appeals challenging the Income Tax Appellate Tribunal's order for Assessment Years 2011-12 and 2012-13 under Section 260A of the Income Tax Act. The court emphasized the importance of procedural compliance and objective assessment in applying Section 14A, remitting the matters to the Assessing Officer for fresh consideration in accordance with the law. The Assessing Officer's failure to comply with the mandatory requirements of Section 14A(2) and Rule 8D led to the reduction of disallowances and necessitated a remand for further assessment. Case-Laws Income Tax Tue, 07 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396669