https://www.taxtmi.com/caselaws?id=303622 The Tribunal set aside the Commissioner of Income Tax (Appeals)'s order and directed the Assessing Officer to delete the disallowance of Rs.1,08,69,547 under Section 14A of the Income Tax Act as the AO did not record satisfaction regarding the incorrectness of the assessee's computation. However, the Tribunal upheld the disallowance of Rs.18,37,557 for foreign travel and business promotion expenses as the assessee failed to substantiate that these expenses were incurred for business purposes. en-us Fri, 28 Jan 2022 00:00:00 +0530 Tue, 02 Aug 2022 09:45:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303622 The Tribunal set aside the Commissioner of Income Tax (Appeals)'s order and directed the Assessing Officer to delete the disallowance of Rs.1,08,69,547 under Section 14A of the Income Tax Act as the AO did not record satisfaction regarding the incorrectness of the assessee's computation. However, the Tribunal upheld the disallowance of Rs.18,37,557 for foreign travel and business promotion expenses as the assessee failed to substantiate that these expenses were incurred for business purposes. Case-Laws Income Tax Fri, 28 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303622