https://www.taxtmi.com/caselaws?id=398491 The ITAT allowed the appeal by the assessee, directing the deletion of the disallowance under Section 14A read with Rule 8D and approving the proportionate allowance of TDS credit on deferred revenue. The Tribunal underscored the requirement for the AO to record proper satisfaction before applying disallowance provisions and affirmed the principle of proportionate TDS credit according to Rule 37BA(3)(ii). en-us Fri, 04 Sep 2020 00:00:00 +0530 Fri, 08 Nov 2024 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398491 The ITAT allowed the appeal by the assessee, directing the deletion of the disallowance under Section 14A read with Rule 8D and approving the proportionate allowance of TDS credit on deferred revenue. The Tribunal underscored the requirement for the AO to record proper satisfaction before applying disallowance provisions and affirmed the principle of proportionate TDS credit according to Rule 37BA(3)(ii). Case-Laws Income Tax Fri, 04 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398491