https://www.taxtmi.com/caselaws?id=409822 The Tribunal allowed the appellant's appeal, ruling in favor of the assessee and directing the Assessing Officer to delete the disallowance of Rs. 3,03,857/- under Rule-8D(iii) of the Income Tax Rules, 1962, pursuant to Section 14A of the Income Tax Act, 1961. The Tribunal emphasized the necessity of the Assessing Officer's satisfaction before applying Rule 8D and accepted the appellant's argument that no actual expenses were incurred for earning the exempt income from dividend income. The decision was rendered on July 7, 2021, following a Virtual Hearing. en-us Wed, 07 Jul 2021 00:00:00 +0530 Sat, 17 Jul 2021 07:27:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409822 The Tribunal allowed the appellant's appeal, ruling in favor of the assessee and directing the Assessing Officer to delete the disallowance of Rs. 3,03,857/- under Rule-8D(iii) of the Income Tax Rules, 1962, pursuant to Section 14A of the Income Tax Act, 1961. The Tribunal emphasized the necessity of the Assessing Officer's satisfaction before applying Rule 8D and accepted the appellant's argument that no actual expenses were incurred for earning the exempt income from dividend income. The decision was rendered on July 7, 2021, following a Virtual Hearing. Case-Laws Income Tax Wed, 07 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409822