![No Addition to be Made u/s 14A r.w.r. 8D, Income Tax when No Exempt Income Earned by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Income-Tax-Income-tax-exemption-taxscan.jpg "No Addition to be Made u/s 14A r.w.r. 8D, Income Tax when No Exempt Income Earned by Assessee: ITAT [Read Order]")
No Addition to be Made u/s 14A r.w.r. 8D, Income Tax when No Exempt Income Earned by Assessee: ITAT [Read Order]
In a recent decision, the Income Tax Appellate Tribunal ( ITAT ), Visakhapatnam Bench, has ruled that no addition can be made under Section 14A read...
![Disallowance of Expenses u/s 14A: ITAT Allows Appeal Due to No Exempt Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Mumbai-ITAT-Allows-Appeal-Due-Exempt-Income-Taxscan.jpg "Disallowance of Expenses u/s 14A: ITAT Allows Appeal Due to No Exempt Income [Read Order]")
![Disallowance u/s 14 A of Income Tax Act Cannot Exceed Exempt Income: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-Act-Disallowance-Exempt-Income-Delhi-High-Court-Income-Tax-TAXSCAN.jpg "Disallowance u/s 14 A of Income Tax Act Cannot Exceed Exempt Income: Delhi HC [Read Order]")
![Disallowance under Rule 8D(2) (iii) of I.T Rules shall be made on basis of average value of those investments in which assessee has yielded exempt income: ITAT directs readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Disallowance-Rule-I-T-Rules-average-value-investments-assessee-exempt-income-ITAT-readjudication-TAXSCAN.jpg "Disallowance under Rule 8D(2) (iii) of I.T Rules shall be made on basis of average value of those investments in which assessee has yielded exempt income: ITAT directs readjudication [Read Order]")
![Expenses incurred in relation to exempt income not deductible under Section 14A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Expenses-relation-exempt-income-deductible-Income-Tax-Act-ITAT-TAXSCAN.jpeg "Expenses incurred in relation to exempt income not deductible under Section 14A of Income Tax Act: ITAT [Read Order]")
Disallowance u/s 14A r.w.r 8D, cannot Exceed Quantum of Exempt Income Earned During Particular Assessment Year: ITAT [Read Order]
The Delhi Bench of Income tax Appellate Tribunal (ITAT) has held that disallowance under Section 14A of the Income Tax Act 1961 read with rule 8D could not exceed the quantum of exempted income...
![Disallowance u/s 14A r.w.r 8D, cannot Exceed Quantum of Exempt Income Earned During Particular Assessment Year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Disallowance-Exempt-Income-Exempt-Income-Earned-During-Particular-Assessment-Year-ITAT-taxscan.jpg "Disallowance u/s 14A r.w.r 8D, cannot Exceed Quantum of Exempt Income Earned During Particular Assessment Year: ITAT [Read Order]")
Relief to United Breweries, Disallowance u/s 14A restricted to Exempt Income earned by Assessee: ITAT [Read Order]
As a relief to United Breweries, the Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has held that disallowance under section 14A of the Income Tax Act,1961 is restricted to exempt...
![Relief to United Breweries, Disallowance u/s 14A restricted to Exempt Income earned by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/United-Breweries-Exempt-Income-ITAT-Taxscan.jpg "Relief to United Breweries, Disallowance u/s 14A restricted to Exempt Income earned by Assessee: ITAT [Read Order]")
Disallowance u/s 14 A is not permissible When Assessee does not have Exempt Income: ITAT [Read Order]
Bangalore the Income Tax Appellate Tribunal (ITAT) has held that the disallowance u/s 14 A rws 8D of the Income Tax Act,1961 is not permissible when the assessee does not have exempt Income. M/s....
![Disallowance u/s 14 A is not permissible When Assessee does not have Exempt Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Disallowance-Assessee-Exempt-Income-ITAT-taxscan.jpg "Disallowance u/s 14 A is not permissible When Assessee does not have Exempt Income: ITAT [Read Order]")
No Question of Disallowance u/s 14A arises on Non-Receipt of Exempt Income during year under consideration: ITAT grants relief to TV Today Network [Read Order]
On granting relief to TV Today Network, the assessee the Income Tax Appellate Tribunal (ITAT), New Delhi held that no question of disallowance under Section 14A of the Income Tax Act, 1961 arises on...
![No Question of Disallowance u/s 14A arises on Non-Receipt of Exempt Income during year under consideration: ITAT grants relief to TV Today Network [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Exempt-Income-ITAT-TV-Today-Network-taxscan.jpeg "No Question of Disallowance u/s 14A arises on Non-Receipt of Exempt Income during year under consideration: ITAT grants relief to TV Today Network [Read Order]")
Penalty u/s 270A will not attract by Mere Reference of Misreporting of Income: Delhi HC [Read Order]
The division bench of Delhi High Court presided by Mr. Justice Manmohan and Ms. Justice Manmeet Pritam Singh Arora has held that penalty u/s 270A will not attract by mere reference of misreporting of...
![Penalty u/s 270A will not attract by Mere Reference of Misreporting of Income: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Misreporting-Income-Delhi-High-Court-Taxscan.jpg "Penalty u/s 270A will not attract by Mere Reference of Misreporting of Income: Delhi HC [Read Order]")
![Income from Agricultural Land can’t be added under Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-agricultural-land-Capital-Gain-ITAT-Taxscan.jpeg "Income from Agricultural Land can’t be added under Capital Gain: ITAT [Read Order]")
CBDT notifies Computation of minimum investment and exempt income for Sovereign Wealth Fund [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the computation of minimum investment and exempt income for the purposes of clause (23FE) of section 10 of the Act. The notification issued on...
![CBDT notifies Computation of minimum investment and exempt income for Sovereign Wealth Fund [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/05/CBDT-Computation-minimum-investment-exempt-income-Sovereign-Wealth-Fund-Taxscan.jpeg "CBDT notifies Computation of minimum investment and exempt income for Sovereign Wealth Fund [Read Notification]")