S.14A Disallowance not Applicable when Exempt Income is not Gained: Delhi HC dismisses Income Tax Appeal against Sahara India Financial Corporation [Read Order]
The Delhi High Court maintained that the instant Appeal lacked any substantial question of law warranting interference by the Court
By Avinash Kurungot - On November 1, 2024 10:59 am - 2 mins read
The Delhi High Court in a recent Income Tax Appeal against Sahara India Financial Corporation held that no disallowance of any expenditure under Section 14A of the Income Tax Act, 1961 is permissible in the event that the Assessee does not gain any tax-exempt income under statutory provisions. The decision was rendered by the Delhi…
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