Section 14A- Invocation of rule 8D without recording satisfaction

Pr. CIT Vs DLF Home Developers Ltd (Delhi High Court)

Invocation of rule  8D of Income Tax Rules without recording satisfaction as to non-correctness of assessee’s claim of suo motu disallowance under section 14A of Income Tax Act, 1961, was in contravention of provisions of section 14A(2), therefore, additional disallowance was deleted.

FULL TEXT OF THE HIGH COURT ORDER / JUDGMENT

On 14^th December 201

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