Section 14A Case: Taxpayer's Voluntary Disallowance Accepted, AO Failed to Justify Rejection of Computations, Addition Deleted.

Addition u/s 14A - Expenses incurred for earning dividend income - assessee itself suo moto made the disallowance - recording proper satisfaction - The onus was on AO to reject the assessee’s computations and record a finding, having regard to accounts of the assessee, as to how those computations were not satisfactory - addition deleted .....

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