No S. 14A Disallowance without recording dissatisfaction over expense claimed by the Assessee

The Assessing Officer also disallowed the expenditure under section 14A of the Income Tax Act, 1961 without first recording that he was not satisfied with the correctness of the claim as regards the claim that “no expenditure” was made by the assessee. Disallowance under section 14A of the Income Tax Act, 1961 is plainly  contrary to the provisions of the statute.

Amount deposited on account of employees’ contribution to PF beyond the due date was deductible by invoking the amended provision of section

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