https://www.taxtmi.com/caselaws?id=443809 The Tribunal allowed the assessee's appeal, deleting the disallowance of Rs. 40,23,544 made by invoking Rule 8D of the Income Tax Rules. The Tribunal emphasized the requirement for the Assessing Officer to establish objective dissatisfaction based on the assessee's accounts before applying Rule 8D, stating that general dissatisfaction without specific reference to the accounts is insufficient. The disallowance was deemed unjustified as the AO had not met the statutory conditions of Section 14A(2) before invoking Rule 8D. en-us Wed, 27 Sep 2023 00:00:00 +0530 Tue, 03 Oct 2023 08:39:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443809 The Tribunal allowed the assessee's appeal, deleting the disallowance of Rs. 40,23,544 made by invoking Rule 8D of the Income Tax Rules. The Tribunal emphasized the requirement for the Assessing Officer to establish objective dissatisfaction based on the assessee's accounts before applying Rule 8D, stating that general dissatisfaction without specific reference to the accounts is insufficient. The disallowance was deemed unjustified as the AO had not met the statutory conditions of Section 14A(2) before invoking Rule 8D. Case-Laws Income Tax Wed, 27 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443809