![Disallowance u/s 14A r/w Rule 8D can’t be made while computing Book profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Book-Profit-Taxscan.jpg "Disallowance u/s 14A r/w Rule 8D can’t be made while computing Book profit: ITAT [Read Order]")
Disallowance u/s 14A r/w Rule 8D can’t be made while computing Book profit: ITAT [Read Order]
Kolkata bench of Income Tax Appellate Tribunal in ACIT vs M/s Adhunik Metaliks Ltd dismissed the appeal of Revenue and ruled that disallowance u/s 14A...
![ITAT Quashes Addition against Nainital Bank since Investment is made from the Interest Free Funds [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Nainital-Bank-Taxscan.jpg "ITAT Quashes Addition against Nainital Bank since Investment is made from the Interest Free Funds [Read Order]")
![Delhi HC confirms ITAT Order favoring Airport Authority of India [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Airport-Authority-of-India-Taxscan.jpg "Delhi HC confirms ITAT Order favoring Airport Authority of India [Read Judgment]")
![Sec 14A cannot be invoked when Investment in the Subsidiaries was shown as Non-Current Assets in the Balance Sheet: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Investment-Taxscan.jpg "Sec 14A cannot be invoked when Investment in the Subsidiaries was shown as Non-Current Assets in the Balance Sheet: ITAT [Read Order]")
![Section 14A cannot be invoked when there is no Exempt Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Section 14A cannot be invoked when there is no Exempt Income: 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...
No Disallowance u/s 14A can be made in case of Dividend Income Accrued from Shares kept as Stock in Trade: ITAT Kolkata
In DCIT v. M/s. Kredent Brokerage Services Pvt Ltd, the division bench of the Kolkata ITAT held that disallowance under section 14A of the Income Tax Act cannot be made in case of dividend income...
Disallowance under Sec. 14A is Applicable to Dividend Income even if DDT is Paid on it: SC [Read Judgment]
In a significant ruling in Godrej Boyce manufacturing Co. Ltd, the Supreme Court today held that the provisions of section 14A of the Income Tax Act would be applicable to dividend income even if the...
![Disallowance under Sec. 14A is Applicable to Dividend Income even if DDT is Paid on it: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Disallowance under Sec. 14A is Applicable to Dividend Income even if DDT is Paid on it: SC [Read Judgment]")
![Interest Paid by the Firm to its partners cannot be disallowed: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Interest.jpg "Interest Paid by the Firm to its partners cannot be disallowed: ITAT Mumbai [Read Order]")
Disallowance of Interest u/s 14A should be made with reference to Net Interest Loan, not on Gross Interest: Bombay HC [Read Judgment]
In CIT v. Jubiliant Enterprises Pvt. Ltd, the division bench of the Bombay High Court confirmed that the disallowance of interest under Section 14A of the Income Tax Act should be made with reference...
![Disallowance of Interest u/s 14A should be made with reference to Net Interest Loan, not on Gross Interest: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Disallowance of Interest u/s 14A should be made with reference to Net Interest Loan, not on Gross Interest: Bombay HC [Read Judgment]")
No Disallowance with respect to Exempt Income can be made if the Securities are held as Stock-in-Trade: Calcutta HC [Read Order]
In CIT v. M/s. G K K Capital Markets (P) Limited, the division bench of the Calcutta High Court held that no disallowance under section 14A Â r/w Rule 8D can be made with respect to exempt income if...
![S. 14A has relevance in the Absence of Exempted Income: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "S. 14A has relevance in the Absence of Exempted Income: ITAT Hyderabad [Read Order]")