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2014 (4) TMI 1295 - HC - Income TaxDisallowance u/s 14A - Non recording of satisfaction before making addition - correctness of the claim of the assessee in respect of the expenditure in relation to income which is exempt from the liability to pay tax under the Income Tax Act - HELD THAT:- As assessee submitted that the judgment in the case of Dhanuka & Sons [2011 (4) TMI 861 - CALCUTTA HIGH COURT] has no manner of application to the facts and circumstances of this case. In that case, the assessee was unable to produce any material before the authorities showing the source from which the shares were acquired. He contended that no such finding has been recorded by the Assessing Officer in this case. The AO as a matter of fact, did not record his dissatisfaction with the correctness of the claim made by the assessee - Therefore, the judgment cited by Mr. Bhowmick has not manner of application. No substantial question of law. The appeal is, therefore, not admitted and is, consequently, dismissed.
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