https://www.taxtmi.com/caselaws?id=417530 The High Court of Calcutta allowed the appeals, remanding the matter to the Tribunal to determine if the Assessing Officer properly recorded satisfaction before invoking rule 8D for disallowance under Section 14A. The Court emphasized the importance of examining the correctness of the assessee's claim before applying rule 8D and affirmed relief granted to the assessee regarding the interest portion. The Tribunal was directed to consider investments yielding dividend income for computing disallowance under Section 14A and ensure compliance with the law's requirements for recording satisfaction by the Assessing Officer. en-us Wed, 19 Jan 2022 00:00:00 +0530 Thu, 28 Apr 2022 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417530 The High Court of Calcutta allowed the appeals, remanding the matter to the Tribunal to determine if the Assessing Officer properly recorded satisfaction before invoking rule 8D for disallowance under Section 14A. The Court emphasized the importance of examining the correctness of the assessee's claim before applying rule 8D and affirmed relief granted to the assessee regarding the interest portion. The Tribunal was directed to consider investments yielding dividend income for computing disallowance under Section 14A and ensure compliance with the law's requirements for recording satisfaction by the Assessing Officer. Case-Laws Income Tax Wed, 19 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417530