https://www.taxtmi.com/highlights?id=54300 Disallowance u/s 14A - non recording of satisfaction - Suo moto disallowances were not commented upon by the Assessing Officer but were completely disregarded and no satisfaction for not accepting the suo moto disallowances was recorded by the AO.AR has also submitted that the disallowances may be restricted to the suo moto disallowance offered by the assessee company. Therefore, we sustain the disallowance u/s 14A, as offered by the assessee company accordingly. - AT en-us Sat, 08 Aug 2020 13:55:42 +0530 Sat, 08 Aug 2020 13:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54300 Disallowance u/s 14A - non recording of satisfaction - Suo moto disallowances were not commented upon by the Assessing Officer but were completely disregarded and no satisfaction for not accepting the suo moto disallowances was recorded by the AO.AR has also submitted that the disallowances may be restricted to the suo moto disallowance offered by the assessee company. Therefore, we sustain the disallowance u/s 14A, as offered by the assessee company accordingly. - AT Highlights Income Tax Sat, 08 Aug 2020 13:55:42 +0530 https://www.taxtmi.com/highlights?id=54300