https://www.taxtmi.com/caselaws?id=280291 The Tribunal allowed the Assessee's appeal in a case involving disallowance under Section 14A of the Income Tax Act. It held that the assessing officer must record satisfaction for disallowance, and the CIT(A) cannot correct jurisdictional errors. Emphasizing the AO's exclusive jurisdiction to invoke Section 14A, the Tribunal set aside the CIT(A)'s order due to the absence of recorded satisfaction, underscoring the importance of procedural compliance in such disallowances. en-us Fri, 08 Jan 2016 00:00:00 +0530 Tue, 30 Apr 2019 06:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280291 The Tribunal allowed the Assessee's appeal in a case involving disallowance under Section 14A of the Income Tax Act. It held that the assessing officer must record satisfaction for disallowance, and the CIT(A) cannot correct jurisdictional errors. Emphasizing the AO's exclusive jurisdiction to invoke Section 14A, the Tribunal set aside the CIT(A)'s order due to the absence of recorded satisfaction, underscoring the importance of procedural compliance in such disallowances. Case-Laws Income Tax Fri, 08 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280291