Case Law Details
Case Name : Swew Benefit Company Vs DCIT (ITAT Kolkatta)
Related Assessment Year :
Courts :
All ITAT ITAT Kolkata
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Brief of the case: ITAT Kolkatta held in Swew Benefit Company Vs DCIT that for disallowing expenses u/s 14A i.e expense incurred for non-taxable income, there had to be some logical strong basis like rule 8D or something else but it could not be disallowed on ad-hoc basis. If any authority was disallowing the expense incurred by the assessee for earning non-taxable income then that disallowance should made on proper basis not on ad-hoc basis. In other words only that part of expense had to be disallowed which had been uti
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.