AO cannot invoke rule 8D(2)(ii) of Income Tax Rules without examining claim made by assessee

PCIT Vs Century Enka Limited (Calcutta High Court)

Calcutta High Court held that invocation of provisions of rule 8D(2)(ii) of the Income Tax Rules by AO without examining the accounts of the assessee and without examining the claim made by the assessee is unjustified.

Facts- The present appeal filed by the revenue under Section 260A of the Income Tax Act, 1961 is directed against the order passed by the Income Tax Appellate Tribunal, Kolkata Bench for the assessment year

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