https://www.taxtmi.com/caselaws?id=301464 The appeal challenged the disallowance under section 14A of the Income-tax Act, amounting to Rs. 4,53,019, which was made without the Assessing Officer recording satisfaction as required by section 14A(2). The CIT(A) upheld the disallowance, but the Tribunal, following Supreme Court precedents, reversed it due to the lack of recorded satisfaction. The Tribunal emphasized compliance with section 14A(2) and deleted the disallowance, aligning with the principles established by the Supreme Court. Ultimately, the appeal was allowed, emphasizing the necessity of recording satisfaction before invoking section 14A. en-us Thu, 17 May 2018 00:00:00 +0530 Tue, 05 Apr 2022 21:46:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301464 The appeal challenged the disallowance under section 14A of the Income-tax Act, amounting to Rs. 4,53,019, which was made without the Assessing Officer recording satisfaction as required by section 14A(2). The CIT(A) upheld the disallowance, but the Tribunal, following Supreme Court precedents, reversed it due to the lack of recorded satisfaction. The Tribunal emphasized compliance with section 14A(2) and deleted the disallowance, aligning with the principles established by the Supreme Court. Ultimately, the appeal was allowed, emphasizing the necessity of recording satisfaction before invoking section 14A. Case-Laws Income Tax Thu, 17 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301464