https://www.taxtmi.com/caselaws?id=440399 The appeal was allowed, and the impugned addition of Rs. 23,08,947 was directed to be deleted as the Assessing Officer failed to verify the claim of the assessee regarding expenses for earning exempt income under section 14A of the Income-tax Act, 1961 r.w.r 8D of the Rules for Assessment Year 2015-16. The Tribunal emphasized that the assessing officer must verify the correctness of the claim and cannot determine the amount of expenditure for section 14A if satisfied with the assessee's claim. en-us Fri, 07 Jul 2023 00:00:00 +0530 Mon, 17 Jul 2023 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440399 The appeal was allowed, and the impugned addition of Rs. 23,08,947 was directed to be deleted as the Assessing Officer failed to verify the claim of the assessee regarding expenses for earning exempt income under section 14A of the Income-tax Act, 1961 r.w.r 8D of the Rules for Assessment Year 2015-16. The Tribunal emphasized that the assessing officer must verify the correctness of the claim and cannot determine the amount of expenditure for section 14A if satisfied with the assessee's claim. Case-Laws Income Tax Fri, 07 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440399