Rule 8D(2) Misapplied by Assessing Officer; No Disallowance u/s 14A Justified Based on Case Facts.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Disallowance u/s 14A - the action of the AO in directly embarking on Rule 8D(2) of the Rules is not appreciated and hence no disallowance u/s 14A could be made in the facts of the instant case - AT....