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![AO Fails to Examine Correctness of Asian Paints Earning Exempt Income Expenditure Claim: ITAT deletes Disallowance u/s 14 A r.w Rule 8D [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Mumbai-income-tax-income-tax-acts-income-tax-rules.jpg "AO Fails to Examine Correctness of Asian Paints Earning Exempt Income Expenditure Claim: ITAT deletes Disallowance u/s 14 A r.w Rule 8D [Read Order]")
AO Fails to Examine Correctness of Asian Paints' Earning Exempt Income Expenditure Claim: ITAT deletes Disallowance u/s 14 A r.w Rule 8D [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the disallowance under Section 14A of Income Tax Act, 1961 read with Rule 8D...
![Disallowance u/s 14A of Income Tax can be triggered where no exempt Income has been earned: Delhi HC upholds Deletion of Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Disallowance-Income-Tax-Income-Tax-can-be-triggered-where-no-exempt-Income-Income-Delhi-HC-taxscan.jpg "Disallowance u/s 14A of Income Tax can be triggered where no exempt Income has been earned: Delhi HC upholds Deletion of Disallowance [Read Order]")
![Operation of Rule 8D for allocating Expenditure in relation to Exempt Income is Prospective in nature: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Supreme-Court-Tax-Scan.jpg "Operation of Rule 8D for allocating Expenditure in relation to Exempt Income is Prospective in nature: SC [Read Judgment]")