https://www.taxtmi.com/caselaws?id=411565 The appeals filed by the Revenue challenging disallowance under Section 14A of the Income Tax Act for A.Ys. 2012-13 and 2013-14 were dismissed. The Tribunal upheld the decision of the Ld. CIT(A) that Rule 8D cannot be invoked without the Ld. AO recording dissatisfaction with the disallowance made by the appellant. Regarding the deductibility of ESOP compensation expenses under Section 37 of the Act, the Tribunal remitted the issue to the Ld. AO for verification of actual expenses incurred by the appellant. Both appeals were allowed for statistical purposes, maintaining decisions on disallowance under Section 14A and ESOP compensation expenses. en-us Mon, 02 Aug 2021 00:00:00 +0530 Sat, 28 Aug 2021 09:21:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411565 The appeals filed by the Revenue challenging disallowance under Section 14A of the Income Tax Act for A.Ys. 2012-13 and 2013-14 were dismissed. The Tribunal upheld the decision of the Ld. CIT(A) that Rule 8D cannot be invoked without the Ld. AO recording dissatisfaction with the disallowance made by the appellant. Regarding the deductibility of ESOP compensation expenses under Section 37 of the Act, the Tribunal remitted the issue to the Ld. AO for verification of actual expenses incurred by the appellant. Both appeals were allowed for statistical purposes, maintaining decisions on disallowance under Section 14A and ESOP compensation expenses. Case-Laws Income Tax Mon, 02 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411565