![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]")
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...
![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]](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]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "No Disallowance with respect to Exempt Income can be made if the Securities are held as Stock-in-Trade: Calcutta HC [Read Order]")
Retainership Fee Paid to the Advisor cannot be disallowed when the service was availed for Gaining both Taxable and Exempted Income: Kolkata ITAT [Read Order]
In a recent ruling, the division bench of the Kolkata ITAT ruled that the retainership fee paid to a person for rendering advisory services on investments cannot be disallowed by invoking section 14A...
![Retainership Fee Paid to the Advisor cannot be disallowed when the service was availed for Gaining both Taxable and Exempted Income: Kolkata ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Retainership Fee Paid to the Advisor cannot be disallowed when the service was availed for Gaining both Taxable and Exempted Income: Kolkata ITAT [Read Order]")
![Interest on Secured Loans are Deductible under the Income Tax Act: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Interest-on-Secured-Loans-Taxscan.jpg "Interest on Secured Loans are Deductible under the Income Tax Act: ITAT Kolkata [Read Order]")
Sec 14A and Rule 8D does not attract in case of Investment made in Subsidiary Companies: ITAT Mumbai [Read Order]
The ITAT, Mumbai bench, in the case ACIT v. ITD Cementation India Ltd, held that Section 14A of the Income Tax Act read with Rule 8D of the Income Tax Rules cannot be invoked in a case where the...
Sec 14A r/w Rule 8D of Income Tax Act have No Application when there is No Exempted Income: Madras HC [Read Judgment]
The division bench of the Madras High Court held that the AO cannot invoke section 14A of the Income Tax Act read with Rule 8d of the Income Tax Rules when the assessee does not derived exempted...
![Sec 14A r/w Rule 8D of Income Tax Act have No Application when there is No Exempted Income: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Madras-High-Court-Tax-Scan-1.jpg "Sec 14A r/w Rule 8D of Income Tax Act have No Application when there is No Exempted Income: Madras HC [Read Judgment]")
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...
No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses incurred & income earned: Punjab & Haryana HC [Read Judgment]
The first bench of Punjab and Haryana High Court has upheld the ITAT order that, No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses...
![No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses incurred & income earned: Punjab & Haryana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Punjab-and-Haryana-High-Court-Tax-Scan.jpg "No Expense is Attributable to the Exempted Income as the revenue failed to establish direct nexus between expenses incurred & income earned: Punjab & Haryana HC [Read Judgment]")
Tax exempted income earned through Bank Advertisement cannot attribute expenditure: Delhi HC [Read Order]
On an appeal against the order of the ITAT, the Delhi High Court opined that the question of attributing any expenditure cannot arise if the tax exempted income was earned without the interference of...
![Tax exempted income earned through Bank Advertisement cannot attribute expenditure: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Delhi-High-Court-Tax-Scan.jpg "Tax exempted income earned through Bank Advertisement cannot attribute expenditure: Delhi HC [Read Order]")