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2015 (5) TMI 264 - HC - Income TaxDisallowance u/s 14A r.w.r. 8D - AO was not satisfied with the explanation offered by the assessee that proper disclosures were made with regard to the expenditure incurred for earning income exempt - appellate authority deleted disallowance - Held that:- Whether or not the expenditure incurred for the purpose of earning the exempt income has been properly explained is essentially a question of fact. Both the appellate authority and the learned Tribunal were of the opinion that the expenditure was properly established. There is as such no scope for any interference with the concurrent finding of fact recorded by the learned Tribunal and the appellate authority. There is thus no reason why the appeal should be admitted. - Decided against revenue.
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