This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Section 14A disallowance unjustified with ample interest-free funds for investments
Case Law Details
- Case Name
- Pr. CIT Vs DLF Home Developers Ltd (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All High Courts, Delhi High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Pr. CIT Vs DLF Home Developers Ltd (Delhi High Court)
Delhi High Court held that tribunal rightly deleted disallowance made by AO u/s. 14A of the Income Tax Act read with rule 8D of the Income Tax Rules as assessee had sufficient interest-free funds available with it to make investment.
Facts- The present writ is preferred by the revenue on the sole issue contesting that the Tribunal has erred in deleting the disallowance amounting to Rs. 80,66,72,112/- made by AO under section 14A of the Income Tax Act read with rule 8D of the Income Tax Rules.
Notably, AO applied the provisions of Rule 8D(2...
Author Info
