https://www.taxtmi.com/caselaws?id=469512 Revenue appeals are not maintainable where the disputed tax effect falls below the CBDT monetary limit circular and no exception is shown to apply; the appeal was therefore dismissed. Disallowance under section 14A read with Rule 8D is unsustainable where the Assessing Officer applies the rule mechanically without recording the statutory satisfaction under section 14A(2) on the basis of the assessee's accounts that the claim of no expenditure is incorrect; the disallowance was deleted. The note also reflects that an identical disallowance in earlier years had already been set aside, reinforcing the relief granted to the assessee. en-us Fri, 07 Mar 2025 00:00:00 +0530 Fri, 19 Jun 2026 19:55:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469512 Revenue appeals are not maintainable where the disputed tax effect falls below the CBDT monetary limit circular and no exception is shown to apply; the appeal was therefore dismissed. Disallowance under section 14A read with Rule 8D is unsustainable where the Assessing Officer applies the rule mechanically without recording the statutory satisfaction under section 14A(2) on the basis of the assessee's accounts that the claim of no expenditure is incorrect; the disallowance was deleted. The note also reflects that an identical disallowance in earlier years had already been set aside, reinforcing the relief granted to the assessee. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469512