This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Provisions of section 14A cannot be invoked if there is no exempt income
Case Law Details
- Case Name
- M/s. UB Infrastructure Projects Limited Vs. The Deputy Commissioner of Income Tax (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012- 13
- Courts
- All ITAT, ITAT Bangalore
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
M/s. UB Infrastructure Projects Limited Vs. DCIT (ITAT Bangalore)
Undisputedly the assessee has not earned any exempted income. Now it is settled position of law that whenever assessee did not earn any exempt income, no dis allowance could be made u/s. 14A of the Act. The Hon’ble Delhi High Court in the case of Cheminvest Ltd. v. CIT, 378 ITR 33 (Del) has categorically held that section 14A envisages that there should be actual receipt of income which was not includible in the total income during the relevant previous year for the purpose of disallowing any expenditure in relation to the...
