In the result, this appeal of the assessee is allowed
Bench: HON’BLE SHRI SANDEEP GOSAIN, JM & HON’BLE SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)
disallowable under section 14A of the IT Act should have been computed under Rule 8D of the Act. Therefore, the order of assessment was held to be erroneous as well as prejudicial to the interest of the revenue. In this regard, at the very outset, the ld. A/R submitted before us that during the original 14 Shriram General Insurance