Disallowance u/s 14A of Income Tax Act only covers Expense Regarding Exempt Income: ITAT [Read Order]

The ITAT viewed that disallowance under section 14A of the Income Tax Act can only cover expenses regarding exempt income.

By Yogitha S. Yogesh - On January 15, 2024 1:33 pm - 2 mins read

itat hyderabad - Exempt income disallowance - ITAT and criteria for disallowance - Income tax act - Exempt Income - Taxscan

The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) has held that disallowance under section 14A of the Income Tax Act, 1961 only covers expenses regarding exempt income. Mr D. Venkatesh, the appellant challenged the order of the Commissioner of Income Tax Appeals in upholding the order of the assessing officer in…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?

Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)

₹1199 + GST for 1 year

Subscribe Now

Topics