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Section 14A disallowance applies to partner’s share of profits but not to Depreciation
Case Law Details
- Case Name
- Shri Vishnu Anant Mahajan Vs. ACIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2006-2007
- Courts
- ITAT Ahmedabad
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ITAT AHMEDABAD – SPECIAL BENCH
ITA No.3002/Ahd/2009 [Asstt.Year : 2006-2007]
Shri Vishnu Anant Mahajan Vs. ACIT
Date of Pronouncement : 25th May, 2012
PER BENCH :
Vide order dated 18-01-2012, the Hon’ble President, Income Tax Appellate Tribunal, referred the following question to this Special Bench in the case of Shri Vishnu Anant Mahajan Vs. Asstt.Commissioner of Income-tax.
“Whether the ld. CIT(A) was justified in disallowing 76% of the depreciation and other related expenses by apportioning them in the ratio of exempt to taxable income by applying provisions of ...
