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No Section 14A disallowance against expenses incurred to earn income eligible for deduction
Case Law Details
- Case Name
- Meditap Specialities (P.) Ltd. Vs Additional Commissioner of Income-tax (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007-08
- Courts
- All ITAT, ITAT Mumbai
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IN THE ITAT MUMBAI BENCH ‘B’
Meditap Specialities (P.) Ltd.
versus
Additional Commissioner of Income-tax
IT APPEAL NO. 6835 (MUM.) OF 2010
[ASSESSMENT YEAR 2007-08]
JUNE 8, 2012
ORDER
R.S. Syal, Accountant Member
This appeal by the assessee arises out of the order passed by the Commissioner of Income-tax (Appeals) on 06.07.2010, in relation to the assessment year 2007-2008.
2. The only issue raised in this appeal is against confirmation of disallowance of Rs. 52,15,454 u/s.14A of the Act. Briefly stated the facts of the case are that the assessee claimed exemption in respect of ...
