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No Satisfaction Under Section 14A, Rule 8D Disallowance Fails
Case Law Details
- Case Name
- Uflex Limited Vs DCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Delhi
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Uflex Limited Vs DCIT (ITAT Delhi)
No Satisfaction, No 14A— Rule 8D Can’t Be Invoked Mechanically: Disallowance Under 115JB Also Fails-
Delhi ITAT ‘E’ Bench in Uflex Ltd vs DCIT, Central Circle-2, Noida (ITA No.5157/Del/2025, AY 2016-17, order dated 24-12-2025) allowed the assessee’s appeal and deleted disallowance of ₹23.38 lakh u/s 14A, holding that in the absence of mandatory satisfaction u/s 14A(2), no disallowance can be made either under normal provisions or while computing book profit u/s 115JB.
Assessee had earned exempt dividend income but claimed that no expenditure was...
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