https://www.taxtmi.com/caselaws?id=293181 The Tribunal allowed the appeals for both assessment years, setting aside the disallowances and additions made by the Assessing Officer and sustained by the Commissioner of Income Tax (Appeals). The Tribunal emphasized the importance of the Assessing Officer recording satisfaction with the assessee's accounts before making disallowances under Section 14A and highlighted the necessity of concrete evidence when disallowing expenses. en-us Wed, 27 Jun 2018 00:00:00 +0530 Thu, 28 Jan 2021 10:49:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293181 The Tribunal allowed the appeals for both assessment years, setting aside the disallowances and additions made by the Assessing Officer and sustained by the Commissioner of Income Tax (Appeals). The Tribunal emphasized the importance of the Assessing Officer recording satisfaction with the assessee's accounts before making disallowances under Section 14A and highlighted the necessity of concrete evidence when disallowing expenses. Case-Laws Income Tax Wed, 27 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293181