AO couldn't apply rule 8D merely because assessee had mixed funds for earning tax free income

INCOME TAX: Condition precedent of recording requisite satisfaction which is a safeguard provided in section 14A cannot be overlooked before invoking rule 8D of 1962 Rules and, thus, plea raised by revenue that once there were mixed funds, Rules 8D of 1962 Rules would attract automatically, could not be accepted

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