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2022 (7) TMI 293 - HC - Income TaxDisallowance u/s 14A r.w.r. 8D - mandation of recording satisfaction - As argued AO has failed to give cogent reasons of dissatisfaction regarding the computation of the disallowance - HELD THAT:- In the case on hand, we have perused the assessment order and we find that no satisfaction has been recorded by the assessing officer as the assessing officer merely comes to the conclusion that the disallowance made suo moto by the assessee is not convincing. This finding does not satisfy the tests laid down by the Hon'ble Supreme Court in the decision in MAXOPP INVESTMENT LTD [2018 (3) TMI 805 - SUPREME COURT] referred to above. Therefore, we find that the Tribunal was right in rejecting the appeal filed by the Revenue. - Decided against revenue.
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