Asian Paints Ltd. v. ACIT (2024) 205 ITD 680 (Mum.)(Trib.)

S.14A : Disallowance of expenditure-Exempt income-Recording of satisfaction-Non recording of satisfaction-Addition is deleted. [R.8D]

Held that the  Assessing Officer computed disallowance under section 14A read with rule 8D without recording any satisfaction regarding claim of assessee in respect of expenditure incurred in relation to exempt income, disallowance made by Assessing Officer is  to be deleted. (AY. 2014-15)

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