Case Law Details

Case Name : PCIT Vs M/s Oil Industry Development Board (Supreme Court)
Appeal Number : Special Leave Petition (Civil) Diary No(s). 2755/2019
Date of Judgement/Order : 08/02/2019
Related Assessment Year :
Courts : Supreme Court of India (1214)

PCIT Tax Vs M/s. Oil Industry Development Board (Supreme Court)

Hon’ble supreme court held that in the absence of any exempt income, disallowance under Section 14-A of the Act of any amount was not permissible.


Delay condoned.

In view of the decision of this Court in Commissioner of Income Tax 5, Mumbai vs. Essar Teleholdings Ltd. through its  Manager (2018) 3 SCC 253, we see no reason to entertain this special leave petition under Article 136 of the Constitution of India.

The special leave petition is, accordingly, dismissed.

Pending application(s), if any, shall stand disposed of.

Also Read- In absence of any exempt income disallowance U/s. 14A not permissible

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