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Section 14A r/w Rule 8D Disallowance Unsustainable Without Exempt Income: ITAT Delhi
Case Law Details
- Case Name
- Ghaziabad Containers Pvt. Ltd. Vs ACIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All ITAT, ITAT Delhi
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Ghaziabad Containers Pvt. Ltd. Vs ACIT (ITAT Delhi)
The ITAT Delhi considered an appeal against the order of the CIT(A)-29, New Delhi dated 24.03.2025, which had confirmed an addition of ₹32,94,713 under Section 36(1)(iii) of the Income-tax Act, 1961 and an addition of ₹1,34,535 under Section 14A read with Rule 8D of the Income-tax Rules, 1962.
During the assessment proceedings, the Assessing Officer observed that the assessee had claimed deduction of interest on borrowed funds and had also made investments in shares and mutual funds. The Assessing Officer treated certain amounts as intere...
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