https://www.taxtmi.com/caselaws?id=405335 The Tribunal upheld the CIT(A)'s decision to disallow Rs. 2,105,899 under Section 14A of the Income Tax Act, rejecting the appellant's arguments regarding strategic investments and lack of objective satisfaction by the Assessing Officer. The Tribunal emphasized the mandatory application of Rule 8D for disallowance computation, citing relevant case law and legal provisions. The appeal was dismissed, affirming the justification for the disallowance and the Assessing Officer's decision to invoke Rule 8D. en-us Thu, 11 Mar 2021 00:00:00 +0530 Thu, 18 Mar 2021 09:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405335 The Tribunal upheld the CIT(A)'s decision to disallow Rs. 2,105,899 under Section 14A of the Income Tax Act, rejecting the appellant's arguments regarding strategic investments and lack of objective satisfaction by the Assessing Officer. The Tribunal emphasized the mandatory application of Rule 8D for disallowance computation, citing relevant case law and legal provisions. The appeal was dismissed, affirming the justification for the disallowance and the Assessing Officer's decision to invoke Rule 8D. Case-Laws Income Tax Thu, 11 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405335