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2017 (2) TMI 1178 - ITAT DELHIAddition u/s 14A - Held that:- The assessee has made a disallowance on its own by filing return of income in response to notice under section 148 of the act of a sum of ₹ 2 Lacs. The Ld. assessing officer has not recorded any satisfaction that how the estimate made by assessee is incorrect. In view of this we also disapprove the action of the Ld. assessing officer that without recording any satisfaction about the correctness of the claim of the assessee he has straightway proceeded to apply rule 8D of the income tax rules 1962 which is a mandatory requirement. On that count also appeal of the revenue fails.
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