Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (12) TMI 105 - AT - Income TaxDisallowance of expenses u/s 14A r.w.r. 8D(2)(iii) - non recording of satisfaction - Held that:- there is no satisfaction recorded by the AO despite the fact that the assessee has computed the expenses relatable to exempt income in a scientific manner and once there is no satisfaction recorded by the AO, no disallowance can be made. Hence, we confirm the order of CIT(A) deleting the disallowance. The appeal of Revenue is dismissed.
|