https://www.taxtmi.com/caselaws?id=464642 ITAT MUMBAI held that disallowance under s.14A read with Rule 8D is unsustainable where the AO has not recorded the requisite satisfaction under s.14A regarding the assessee's accounts. Relying on the HC precedent, the Tribunal found that before applying Rule 8D the AO must conclude he is not satisfied with the assessee's suo moto computation; absence of such recorded satisfaction led to reversal of the AO's disallowance and allowed the appeal. en-us Fri, 25 Mar 2022 00:00:00 +0530 Fri, 07 Nov 2025 20:13:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464642 ITAT MUMBAI held that disallowance under s.14A read with Rule 8D is unsustainable where the AO has not recorded the requisite satisfaction under s.14A regarding the assessee's accounts. Relying on the HC precedent, the Tribunal found that before applying Rule 8D the AO must conclude he is not satisfied with the assessee's suo moto computation; absence of such recorded satisfaction led to reversal of the AO's disallowance and allowed the appeal. Case-Laws Income Tax Fri, 25 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464642