https://www.taxtmi.com/caselaws?id=462449 Disallowance under Section 14A read with Rule 8D was not interfered with where the assessee had offered an explanation for the expenditure basis and the Assessing Officer failed to reject it with valid reasons before applying Rule 8D. The CIT(A) and Tribunal had recorded concurrent findings of fact on this point, and the issue was treated as governed by binding precedent. On that basis, the disallowance was not restored and no substantial question of law survived for appellate interference. en-us Tue, 23 Jan 2018 00:00:00 +0530 Mon, 23 Jun 2025 19:25:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462449 Disallowance under Section 14A read with Rule 8D was not interfered with where the assessee had offered an explanation for the expenditure basis and the Assessing Officer failed to reject it with valid reasons before applying Rule 8D. The CIT(A) and Tribunal had recorded concurrent findings of fact on this point, and the issue was treated as governed by binding precedent. On that basis, the disallowance was not restored and no substantial question of law survived for appellate interference. Case-Laws Income Tax Tue, 23 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462449