Relief to Toyota India: ITAT deletes Disallowance u/s 14A [Read Order]

Toyota India - ITAT - Disallowance - taxscan

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has recently, in an appeal filed before it by Toyota Tsusho India P. Ltd., while deleting the disallowance under section 14A, held that if the assessee has not earned any exempt income during the year under consideration no disallowance is warranted as per the provisions of section14A…

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