https://www.taxtmi.com/caselaws?id=367033 The Tribunal dismissed both appeals of the Revenue for the Assessment Years 2008-09 and 2009-10, upholding the CIT(A)'s decisions. The Tribunal emphasized the necessity of the AO recording satisfaction before disallowing expenses under Section 14A and reiterated that revenue expenditure should be allowed in the year incurred if claimed by the assessee. The judgment was delivered on 11th June 2018. en-us Mon, 11 Jun 2018 00:00:00 +0530 Mon, 19 Jul 2021 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367033 The Tribunal dismissed both appeals of the Revenue for the Assessment Years 2008-09 and 2009-10, upholding the CIT(A)'s decisions. The Tribunal emphasized the necessity of the AO recording satisfaction before disallowing expenses under Section 14A and reiterated that revenue expenditure should be allowed in the year incurred if claimed by the assessee. The judgment was delivered on 11th June 2018. Case-Laws Income Tax Mon, 11 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367033