Absence of objective dissatisfaction under Section 14A(2) precludes Assessing Officer from applying Rule 8D.
Absence of objective dissatisfaction under Section 14A(2) precludes Assessing Officer from applying Rule 8D. Issue Whether the Assessing Officer was justified in rejecting the assessee’s suo motu disallowance under Section 14A and invoking the formula prescribed under Rule 8D without recording objective dissatisfaction with the correctness of the assessee’s accounts and computation. Facts The assessee… Read More »