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 r.w.r. 8D cannot be invoked in absence of any exempt income
Case Law Details
- Case Name
- DCIT Vs Archana Ajay Mittal (ITAT Mumbai)
- 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 Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
DCIT Vs Archana Ajay Mittal (ITAT Mumbai)
ITAT Mumbai held that provisions of section 14A r.w.s. 8D of the Income Tax Rules not invocable as assessee has not earned any exempt income during the year. Accordingly, disallowance duly deleted by CIT(A).
Facts- The assessee is a partner in the partnership firm and derives income from other sources and claimed exemption of share of profit from the partnership firm under Section 10(2A) of Act. The case was selected for scrutiny under CASS, and notices u/s. 143(2) and 142(1) of the Act are issued.
AO on perusal of financial statements found that the a...
Author Info
