Court Upholds Taxpayer's Voluntary Disallowance u/s 14A and Rule 8D; Revenue's Challenge Dismissed.

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....Disallowance u/s 14A r.w.r. 8D - suo moto disallowance by assessee - the legal grounds as to applicability of Rule 8D as raised by the Revenue fails since the assessee, himself, has computed disallowance u/r 8D and there was no question of satisfaction by AO before proceeding to compute the disallowance in terms of Rule 8D.....