ITAT Delhi Deletes Section 14A Disallowance for Lack of AO’s Satisfaction

Sicpa India Private Limited Vs ACIT (ITAT Delhi) This appeal was filed by the assessee, Sicpa India Private Limited, against the order of the Ld. Commissioner of Income Tax (Appeals) [CIT(A)] dated November 28, 2024, for the Assessment Year (A.Y.) 2020-21. This order arose from an assessment order passed under Section 143(3) of the Income Tax Act, 1961, dated September 30, 2022. Case Background and Disallowances Sicpa India Private Limited is a company engaged in the manufacturing and distribution of security inks. The company e-filed its return of income on February 15, 2021, declaring a tota...