Relief to Thomson Press: ITAT Reduces 14A Disallowance from Rs. 7.67 Lakh to Rs. 6.31 Lakh [Read Order]

The Tribunal noted that the assessee had sufficient interest-free funds to support its investments, following its previous decision for AY 2007-08

By Sneha Sukumaran Mullakkal - On March 14, 2025 6:36 am - 2 mins read

ITAT - ITAT Delhi - Relief to Thomson Press - Thomson Press income tax case - TAXSCAN

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) provided relief to Thomson Press India Ltd. by reducing the disallowance under Section 14A of Income Tax Act,1961 from Rs. 7.67 lakh to Rs. 6.31 lakh. Thomson Press India Ltd,appellant-assessee, engaged in the business of commercial printing and phototypresetting, filed its income tax return for the…

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