https://www.taxtmi.com/caselaws?id=387239 The Tribunal partly allowed the assessee's appeals for A.Y. 2011-2012 and A.Y. 2012-2013, setting aside disallowances under Section 14A and Section 40A(2)(b) of the Income Tax Act. The Tribunal emphasized the importance of the Assessing Officer (A.O.) recording satisfaction and proving excessive or unreasonable expenses before disallowing them. The disallowances were reduced to amounts offered by the assessee, highlighting the need for proper justification by tax authorities in such cases. en-us Mon, 14 Oct 2019 00:00:00 +0530 Sat, 19 Oct 2019 15:57:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387239 The Tribunal partly allowed the assessee's appeals for A.Y. 2011-2012 and A.Y. 2012-2013, setting aside disallowances under Section 14A and Section 40A(2)(b) of the Income Tax Act. The Tribunal emphasized the importance of the Assessing Officer (A.O.) recording satisfaction and proving excessive or unreasonable expenses before disallowing them. The disallowances were reduced to amounts offered by the assessee, highlighting the need for proper justification by tax authorities in such cases. Case-Laws Income Tax Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387239