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SC decision on Controversy surrounding Section 14A disallowances
Case Law Details
- Case Name
- Godrej & Boyce Manufacturing Company Limited Vs DCIT & Anr. (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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Table of Contents▸
A. Section 14A of the Act would apply to dividend income on which tax is payable under Section 115-O of the Act.
B. Section 14A of Income Tax Act, 1961 cannot be invoked in the absence of proof that expenditure has actually been incurred in earning the dividend income.
C. If the AO has accepted for earlier years that no such expenditure has been incurred, he cannot take a contrary stand for later years if the facts and circumstances have not changed
A. Section 14A of the Act would apply to dividend income on which tax is payable under Section 115-O of the Act.
The o...
