Section 14A was inapplicable in absence of exempt income: ITAT Delhi

ACIT Vs Sahara India Financial Corporation Ltd (ITAT Delhi)

The case of ACIT (Assistant Commissioner of Income Tax) versus Sahara India Financial Corporation Ltd, adjudicated by the Income Tax Appellate Tribunal (ITAT) Delhi, pertains to the assessment year 2016-17. The appeal, lodged by the Revenue, challenges the order of the Commissioner of Income Tax (Appeals) [CIT(A)].

Grounds of Appeal

The Revenue has raised six grounds of appeal. These include i

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