Posted inNews
Income Tax Appellate Tribunal, Mumbai: “Disallowance Cannot Exceed Total Expenditure and Must Follow Objective Satisfaction” — Tribunal Rejects Revenue Appeal on Section 14A, Holds AO Failed to Record Proper Satisfaction
Court’s decision The Income Tax Appellate Tribunal, Mumbai dismissed the Revenue’s appeal and upheld the order of the Commissioner of Income Tax (Appeals), which had deleted the large disallowance made…
