https://www.taxtmi.com/caselaws?id=782614 ITAT Kolkata allowed the assessee's appeal and deleted the disallowance made u/s 14A r.w. Rule 8D. It held that the AO had not recorded the mandatory objective satisfaction, based on examination of the assessee's accounts, that the claim of expenditure related to exempt income was incorrect. Relying on its own coordinate bench's decisions in the assessee's earlier years, which had already adjudicated the satisfaction issue, the Tribunal concluded that, in the absence of such satisfaction, invocation of s.14A r.w. Rule 8D was invalid and the addition unsustainable. en-us Wed, 06 Aug 2025 00:00:00 +0530 Tue, 02 Dec 2025 08:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782614 ITAT Kolkata allowed the assessee's appeal and deleted the disallowance made u/s 14A r.w. Rule 8D. It held that the AO had not recorded the mandatory objective satisfaction, based on examination of the assessee's accounts, that the claim of expenditure related to exempt income was incorrect. Relying on its own coordinate bench's decisions in the assessee's earlier years, which had already adjudicated the satisfaction issue, the Tribunal concluded that, in the absence of such satisfaction, invocation of s.14A r.w. Rule 8D was invalid and the addition unsustainable. Case-Laws Income Tax Wed, 06 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782614