https://www.taxtmi.com/caselaws?id=246744 The High Court dismissed the Revenue's appeal as the Assessing Officer did not record dissatisfaction with the correctness of the claim made by the assessee regarding the disallowance of expenditure under Section 14A of the Income Tax Act. Despite the reduction of the disallowance amount by the CIT appeal, the High Court upheld the dismissal due to the lack of recorded dissatisfaction, emphasizing the importance of proving the source of acquisition of shares exempt from tax as per relevant judgments. en-us Wed, 09 Apr 2014 00:00:00 +0530 Mon, 21 Apr 2014 09:53:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246744 The High Court dismissed the Revenue's appeal as the Assessing Officer did not record dissatisfaction with the correctness of the claim made by the assessee regarding the disallowance of expenditure under Section 14A of the Income Tax Act. Despite the reduction of the disallowance amount by the CIT appeal, the High Court upheld the dismissal due to the lack of recorded dissatisfaction, emphasizing the importance of proving the source of acquisition of shares exempt from tax as per relevant judgments. Case-Laws Income Tax Wed, 09 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246744