Tribunal held that the Assessing Officer should have recorded his satisfaction about the correctness of the claim of the Assessee. If no such satisfaction is recorded, no disallowance can be made. ( AY.2012-13)
WM India Technical and Consulting Services Pvt. Ltd. v. Dy. CIT (2020)82 ITR 37 (SN)(Delhi) (Trib)
S. 14A : Disallowance of expenditure – Exempt income -Not recording the satisfaction- No disallowance can be made [ R.8D ]