https://www.taxtmi.com/caselaws?id=430878 The Court dismissed the appeals, affirming the disallowance under Section 14A read with Rule 8D(2)(iii) and the inclusion of strategic investments in subsidiaries for disallowance computation. It upheld the Assessing Officer's proper satisfaction in making the disallowance, rejecting the Assessee's arguments of consistency and ad-hoc basis for disallowance. The Court found no substantial question of law and upheld the Tribunal and CIT(A)'s decisions in favor of the Revenue. en-us Wed, 23 Nov 2022 00:00:00 +0530 Wed, 30 Nov 2022 07:29:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430878 The Court dismissed the appeals, affirming the disallowance under Section 14A read with Rule 8D(2)(iii) and the inclusion of strategic investments in subsidiaries for disallowance computation. It upheld the Assessing Officer's proper satisfaction in making the disallowance, rejecting the Assessee's arguments of consistency and ad-hoc basis for disallowance. The Court found no substantial question of law and upheld the Tribunal and CIT(A)'s decisions in favor of the Revenue. Case-Laws Income Tax Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430878