https://www.taxtmi.com/highlights?id=55963 Disallowance u/s 14A - it was incumbent for Ld. AO to record a satisfaction as to why the disallowance offered by the assessee was not sufficient and this said satisfaction was to be arrived at having regard to assessee’s books of accounts. The recording of the said satisfaction was sine qua non before proceeding to apply Rule 8D. - AT en-us Sat, 19 Dec 2020 07:54:01 +0530 Sat, 19 Dec 2020 07:54:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55963 Disallowance u/s 14A - it was incumbent for Ld. AO to record a satisfaction as to why the disallowance offered by the assessee was not sufficient and this said satisfaction was to be arrived at having regard to assessee’s books of accounts. The recording of the said satisfaction was sine qua non before proceeding to apply Rule 8D. - AT Highlights Income Tax Sat, 19 Dec 2020 07:54:01 +0530 https://www.taxtmi.com/highlights?id=55963