https://www.taxtmi.com/caselaws?id=405772 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal in a case involving disallowance of accrued interest on advances, compliance with Section 145 of the Income Tax Act, and disallowance under Section 14A read with Rule 8D for the Assessment Year 2012-13. The Tribunal emphasized the importance of proper assessment and satisfaction before disallowing expenses under Rule 8D, ruling in favor of the assessee based on lack of proper justification by the Assessing Officer for the disallowances. en-us Wed, 17 Mar 2021 00:00:00 +0530 Sat, 27 Mar 2021 07:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405772 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal in a case involving disallowance of accrued interest on advances, compliance with Section 145 of the Income Tax Act, and disallowance under Section 14A read with Rule 8D for the Assessment Year 2012-13. The Tribunal emphasized the importance of proper assessment and satisfaction before disallowing expenses under Rule 8D, ruling in favor of the assessee based on lack of proper justification by the Assessing Officer for the disallowances. Case-Laws Income Tax Wed, 17 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405772