Assessee's attempt to lower Section 14A disallowance in revised tax return fails due to lack of evidence.

Assessee's attempt to lower Section 14A disallowance in revised tax return fails due to lack of evidence. https://www.taxtmi.com/highlights?id=27214 Reduction of disallowance u/s 14A suo-moto in revised return - assessee could not demonstrate before the AO as to how the expenditure it has added back relating to earning of exempt income were inflated or added back under mistaken fact. - AT en-us Fri, 05 Feb 2016 13:33:02 +0530 Fri, 05 Feb 2016 13:33:02 +0530 TaxTMI RSS Generator Assessee's attempt to lower Section 14A disallowance in revised tax return fails due to lack of evidence. https://www.taxtmi.com/highlights?id=27214 Reduction of disallowance u/s 14A suo-moto in revised return - assessee could not demonstrate before the AO as to how the expenditure it has added back relating to earning of exempt income were inflated or added back under mistaken fact. - AT Highlights Income Tax Fri, 05 Feb 2016 13:33:02 +0530 https://www.taxtmi.com/highlights?id=27214