Section 14A Disallowance Must Target Only Income-Yielding Investments

Gateway Distriparks Ltd. Vs DCIT (ITAT Mumbai)

The appeal was filed by Gateway Distriparks Ltd. against the order of the Commissioner of Income Tax (Appeals) [CIT(A)] for Assessment Year (AY) 2018-19. The assessee, an Indo-Singaporean Joint-Venture operating a Containers Freight Station, challenged the CIT(A)’s decision to dismiss its appeal in limine (at the threshold) due to a delay of 1297 days, and consequently, the confirmation of the Assessing Officer’s (AO) disallowance under Section 14A of the Income Tax Act, 1961, and the

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