Revenue's Section 14A Disallowance Appeal Dismissed for Lack of Prima Facie Satisfaction.

The High Court dismissed the Revenue's appeal regarding disallowance under Section 14A(2) as the Assessing Officer did not record prima facie satisfaction that the claim of the assessee was inadmissible, as required by Rule 8D. The ITAT's conclusions were justified, and no substantial question of law arose. Appeal dismissed.

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The High Court dismissed the Revenue's appeal regarding disallowance under Section 14A (2) as the Assessing Officer did not record prima facie satisfaction that the claim of the assessee was inadmissible, as required by Rule 8D. The ITAT's conclusions were justified, and no substantial question of law arose. Appeal dismissed.

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