https://www.taxtmi.com/caselaws?id=423225 The appeal was partly allowed by the Tribunal, directing the Assessing Officer to compute the disallowance under section 14A in line with Rule 8D. The Assessee's agreement to compute the disallowance under Rule 8D was deemed reasonable, and the Tribunal found no justification for the ad hoc disallowance made by the Assessing Officer. The Assessing Officer was instructed to verify the Assessee's computation of Rs.1,244 and provide the Assessee with a reasonable opportunity to explain the calculation. en-us Thu, 12 May 2022 00:00:00 +0530 Thu, 02 Jun 2022 08:42:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423225 The appeal was partly allowed by the Tribunal, directing the Assessing Officer to compute the disallowance under section 14A in line with Rule 8D. The Assessee's agreement to compute the disallowance under Rule 8D was deemed reasonable, and the Tribunal found no justification for the ad hoc disallowance made by the Assessing Officer. The Assessing Officer was instructed to verify the Assessee's computation of Rs.1,244 and provide the Assessee with a reasonable opportunity to explain the calculation. Case-Laws Income Tax Thu, 12 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423225