Dividend Income Earned on Shares are Exempted u/s 10(34), No Tax Liability: ITAT [Read Order]

By Yogitha S. Yogesh - On January 9, 2023 2:07 pm - 2 mins read

Dividend Income - Dividend - Income - Dividend Income Earned on Shares - Tax Liability - Tax - ITAT - Income Tax - taxscan

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that disallowance under section 14A of the Income Tax Act,1961 does not apply to interest income earned from the negative capital of the partnership. Shri Dipakbhai Harishchandra Shah, the assessee challenged the order passed by the Commissioner of Income Tax(Appeals), Gandhinagar (CIT(A)) under section…

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