Dismissing the appeal of the appeal of the revenue the Tribunal held that ; AO cannot straight way make disallowance without rejecting the disallowance computed by the assessee. ( AY. 2010-11)
DCIT v. Vantage Advertising P. LTD. (2018) 61 ITR 564 (Kolk) (Trib)
S. 14A : Disallowance of expenditure – Exempt income – AO cannot straight way make disallowance without rejecting the disallowance computed by the assessee [ R.8D ]