https://www.taxtmi.com/caselaws?id=302942 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to re-examine the contentions of the assessee regarding the disallowance under section 14A of the Income Tax Act. The Tribunal emphasized the importance of the AO following proper procedures and considering the assessee's arguments before resorting to Rule 8D for disallowance. The AO was instructed to assess the income based on the assessee's contentions if satisfied, or to provide reasoning for dissatisfaction before applying Rule 8D. The assessee was required to cooperate by providing necessary details for the reassessment. en-us Wed, 09 Apr 2014 00:00:00 +0530 Sat, 25 Jun 2022 09:18:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302942 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to re-examine the contentions of the assessee regarding the disallowance under section 14A of the Income Tax Act. The Tribunal emphasized the importance of the AO following proper procedures and considering the assessee's arguments before resorting to Rule 8D for disallowance. The AO was instructed to assess the income based on the assessee's contentions if satisfied, or to provide reasoning for dissatisfaction before applying Rule 8D. The assessee was required to cooperate by providing necessary details for the reassessment. Case-Laws Income Tax Wed, 09 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302942