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No Exempt Income, No Section 14A Disallowance Permissible
Case Law Details
- Case Name
- KU Power Projects Limited Vs ITO (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Delhi
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KU Power Projects Limited Vs ITO (ITAT Delhi)
Wrong Year, No Exempt Income: ITAT Delhi Deletes Section 68 & 14A Additions
The Delhi ITAT (SMC), in KU Power Projects Ltd. v. ITO (ITA No. 7096/Del/2025, AY 2017-18; order dated 24.12.2025), has allowed the Assessee’s appeal in full, deleting both the addition u/s 68 and the disallowance u/s 14A r.w. Rule 8D.
The AO had made an addition of ₹13.55 lakh u/s 68 by applying a 2% rate on an alleged investment of ₹6.77 crore, and also disallowed ₹28.79 lakh u/s 14A. The Tribunal found that the entire investment pertained to ...
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