Fresh Disallowance Under Section 14A Involving Debatable Exercise Cannot Be Made Under Rectification Proceedings
Fresh Disallowance Under Section 14A Involving Debatable Exercise Cannot Be Made Under Rectification Proceedings Issue Whether the Assessing Officer was justified in invoking Section 154 to make a fresh disallowance of ₹35.37 lakh under Section 14A read with Rule 8D, when such disallowance requires an adjudicatory exercise and satisfaction under Section 14A(2) rather than correcting… Read More »