Deletion of Addition u/s 14A of Income Tax Act: Allahabad HC dismisses Revenue Dept’s Appeal [Read Order]

Citing the Supreme Court's decision in Commissioner of Income Tax vs. Essar Teleholdings Ltd., the court dismissed the appeal
Deletion of - Income Tax Act - Allahabad HC -Revenue -Appeal - taxscan

The Allahabad High Court has upheld the decision of the Income Tax Appellate Tribunal ( ITAT ) to delete additions made under Section 14A of the Income Tax Act. The court dismissed the appeal filed by the Commissioner of Income Tax-II, Kanpur, against the U.P. State Industrial Development Corporation Ltd. The appeal was based on…

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