Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (5) TMI 1315 - AT - Income TaxDisallowance u/s 14A r.w.r. 8D - non recording requisite satisfaction as to how the computations made by the assessee were not correct - HELD THAT:- As relying on Godrej & Boyce Manufacturing Company Ltd. Vs. DCIT [2017 (5) TMI 403 - SUPREME COURT] and MAXOPP INVESTMENT LTD. [2018 (3) TMI 805 - SUPREME COURT] AO, without having recorded requisite satisfaction as to how the computations made by the assessee were not correct, could not be clinched with the blanket jurisdiction to apply Rule 8D. Therefore, the additional disallowance made by Ld. AO could not be sustained under law. By deleting the additional disallowance of ₹ 6.80 Lacs, we allow the appeal.
|