https://www.taxtmi.com/caselaws?id=438940 The Tribunal partially allowed the appellant's appeal, directing the deletion of disallowance made under Section 14A due to improper application by the AO, who failed to provide a hearing opportunity. The Tribunal instructed a reworking of the disallowance calculation under Rule 8D. It upheld the mandatory and consequential nature of charging interest under sections 234B, 234C, 234D, and the withdrawal of interest under section 244A. The decision was pronounced under Rule 34(4) of the Income Tax (Appellate Tribunal) Rules, 1963, with consensus among Tribunal members. en-us Thu, 13 Apr 2023 00:00:00 +0530 Wed, 31 Jan 2024 14:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438940 The Tribunal partially allowed the appellant's appeal, directing the deletion of disallowance made under Section 14A due to improper application by the AO, who failed to provide a hearing opportunity. The Tribunal instructed a reworking of the disallowance calculation under Rule 8D. It upheld the mandatory and consequential nature of charging interest under sections 234B, 234C, 234D, and the withdrawal of interest under section 244A. The decision was pronounced under Rule 34(4) of the Income Tax (Appellate Tribunal) Rules, 1963, with consensus among Tribunal members. Case-Laws Income Tax Thu, 13 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438940