Income Tax - Disallowance u/s 14A - assessee has suo moto disallowed sum u/s. 14A - AO, without giving a finding as to how much administrative expenditure have been incurred to earn the exempt income, had made disallowance - Action of AO is not correct - HC

Income Tax - Disallowance u/s 14A - assessee has suo moto disallowed sum u/s. 14A - AO, without giving a finding as to how much administrative expenditure have been incurred to earn the exempt income, had made disallowance - Action of AO is not correct - HC....................