![Supreme Court Upholds Deletion of S. 14A Disallowance due to AOs Failure to Record Proper Satisfaction [Read Order]](https://images.taxscan.in/h-upload/2026/03/13/2129108-supreme-court-upholds-deletion-of-s-14a-disallowance-due-to-aos-failure-to-record-proper-satisfactionjpg.webp "Supreme Court Upholds Deletion of S. 14A Disallowance due to AOs Failure to Record Proper Satisfaction [Read Order]")
Supreme Court Upholds Deletion of S. 14A Disallowance due to AO's Failure to Record Proper Satisfaction [Read Order]
In a recent ruling, the Supreme Court of India upheld the deletion of a disallowance made under Section 14A of the Income Tax Act after finding no...
![Disallowance of Expenditure Written off deleted Without Examining Commercial Rationale and Nature of Loss: ITAT Remands Matter [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/2113756-disallowance-expenditure-written-off-taxscan.webp "Disallowance of Expenditure Written off deleted Without Examining Commercial Rationale and Nature of Loss: ITAT Remands Matter [Read Order]")
![Disallowance of Expenditure u/s 14A cant be made when exempt Income-earning securities are held as Stock-in-trade: ITAT grants relief to Central Bank of India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Disallowance-of-Expenditure-Income-earning-securities-Stock-in-trade-ITAT-grants-relief-Central-Bank-of-India-taxscan.jpg "Disallowance of Expenditure u/s 14A cant be made when exempt Income-earning securities are held as Stock-in-trade: ITAT grants relief to Central Bank of India [Read Order]")
![Income of Hire Charges cant be earned without incurring Expenditure, Disallowance of Expenditure not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-disallowance-of-expenditure-sustainable-ITAT-Taxscan.jpg "Income of Hire Charges cant be earned without incurring Expenditure, Disallowance of Expenditure not sustainable: ITAT [Read Order]")
If disallowance relating to Speed Money restricted to only 25% of expenditure, same is to be complied with even for Future Cases: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) in DCIT vs. J.M. Baxi & Co., held that If disallowance relating to speed money has been restricted to only 25% of expenditure, same is to...
![If disallowance relating to Speed Money restricted to only 25% of expenditure, same is to be complied with even for Future Cases: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/ITAT-Taxscan.jpg "If disallowance relating to Speed Money restricted to only 25% of expenditure, same is to be complied with even for Future Cases: ITAT [Read Order]")
Disallowance under section 14A of the Act cannot exceed the exempt income earned by the assesse: ITAT follows Delhi HC decision
The Income Tax Appellate Tribunal Delhi bench, comprising of judicial member SH.Amit Sukla and accountant member SH.O.P.Kant held that disallowance under section 14A of the act cannot exceed the...
Penalty is not leviable on Ground of Mere Disallowance of Expenditure Claimed: ITAT Mumbai [Read Order]
In a recent ruling, the Mumbai ITAT quashed the penalty proceedings initiated against the assessee under section 271(1)(c) of the Income Tax Act and held that penalty cannot be levied merely on ground...
![Penalty is not leviable on Ground of Mere Disallowance of Expenditure Claimed: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty is not leviable on Ground of Mere Disallowance of Expenditure Claimed: ITAT Mumbai [Read Order]")
Disallowance of Expenditure claimed is Illegal & Arbitrary when the Genuineness of Transaction is Proved: ITAT Delhi [Read Order]
In a recent ruling, the ITAT Delhi bench observed that disallowance of an expenditure without recording any reason is illegal when the veracity of the same is proved before the authority with all the...
![Disallowance of Expenditure claimed is Illegal & Arbitrary when the Genuineness of Transaction is Proved: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Disallowance of Expenditure claimed is Illegal & Arbitrary when the Genuineness of Transaction is Proved: ITAT Delhi [Read Order]")
Sponsoring Overseas Tour to doctors by Pharmaceutical Company is unethical & illegal, ITAT Mumbai disallows expenditure [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal recently confirmed disallowance of expenditure incurred by the Pharmaceutical company on account sponsoring overseas tour to doctors. Earlier,...
![Sponsoring Overseas Tour to doctors by Pharmaceutical Company is unethical & illegal, ITAT Mumbai disallows expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Expenditures-TAXSCAN.jpg "Sponsoring Overseas Tour to doctors by Pharmaceutical Company is unethical & illegal, ITAT Mumbai disallows expenditure [Read Order]")
Disallowance of Expenditure claimed by the Assessee does not amount to ‘Concealment of Income’, Hence, Penalty is not leviable; ITAT Delhi [Read Order]
The Income Tax Appellate Tribunal, Delhi division has recently ruled that mere disallowance of expenditure claimed by the assessee will not contribute to ‘concealment of income’ and therefore, penalty...