Assessing Officer's Satisfaction Crucial for Disallowance u/s 14A of Income Tax Act in Mutual Fund Cases.

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....Disallowance u/s.14A - recording of satisfaction - detailed discussion in order regarding investment in various schemes of mutual funds and question regarding no expenditure is attributable to such activities - it is clearly discernible that the AO recorded proper satisfaction before making disallowance u/s. 14A.....