Dissatisfaction to be Recorded by AO regarding Correctness of Claim of Assessee Relating to Expenditure u/s 14A(2) of Income Tax Act: Bombay HC [Read Order]
Dissatisfaction should be recorded by AO regarding the correctness of the claim of assessee relating to expenditure u/s 14A(2) of Income Tax Act, rules Bombay HC
By Kalyani B. Nair - On April 11, 2024 2:45 pm - 2 mins read
The Bombay High Court recently observed that the dissatisfaction should be recorded by the Assessing Officer (AO) regarding the correctness of the claim of assessee relating to the expenditure under Section 14A(2) of the Income Tax Act, 1961. The Assessee/Respondent has filed for Assessment Year (“AY”) 2008-09 its Return of Income (“ROI”) on 30th September…
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