![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]")
Income from Agricultural Land can’t be added under Capital Gain: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench comprising Shri Waseem Ahmed, Accountant Member and Shri Siddhartha Nautiyal, Judicial...
![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]")
![CBDT notifies provision for Computation of Exempt Income of Specified Fund, attributable to Investment division of an Offshore Banking Unit [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/01/CBDT-provision-for-Computation-Investment-division-offshore-banking-unit-exempt-income-taxscan.jpeg "CBDT notifies provision for Computation of Exempt Income of Specified Fund, attributable to Investment division of an Offshore Banking Unit [Read Notification]")
![Section 14A Disallowance cant exceed Exempt Income earned during the AY: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Disallowance-income-ITAT-Taxscan.jpg "Section 14A Disallowance cant exceed Exempt Income earned during the AY: ITAT [Read Order]")
![Relief to DLF Universal: Disallowance u/s 14A gets restricted to the extent of exempt income, says ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/DLF-Universal-Disallowance-extent-of-exempt-income-ITAT-Taxscan.jpg "Relief to DLF Universal: Disallowance u/s 14A gets restricted to the extent of exempt income, says ITAT [Read Order]")
Expenditure incurred to earn exempt Income computed u/s 14A can’t be added while computing Book Profit: ITAT [Read Order]
Kolkata ITAT recently held that the expenditure incurred to earn exempt income computed under section 14A of the Income Tax Act could not be added while computing book profit under section 115JB of...
![Expenditure incurred to earn exempt Income computed u/s 14A can’t be added while computing Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/ITAT-Taxscan.jpg "Expenditure incurred to earn exempt Income computed u/s 14A can’t be added while computing Book Profit: 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...
To invoke Rule 8D, the AO is bound to point out that the Assessee has incurred Expenditure in Earning the Exempt Income: ITAT Kolkata
In a recent ruling, the division bench of the ITAT Kolkata held that while invoking Rule 8D, the A is bound to point out that whether there was any expenditure incurred by the assessee in earning the...
“Section 14A cannot be invoked in the absence of any exempt Income for the relevant Assessment Year”: ITAT Mumbai [Read Order]
The Income Tax Appellate Tribunal, in a recent ruling held that section 14A of the Income Tax Act, 1961 cannot be applied in cases where the assessee has not received any exempted income during the...
