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Section 14A

Disallowance under Section 14A of Income TAx Act, 1961

Latest Articles


Amendment in Section 14A ‘Retrospective or Prospective’

Income Tax : Understanding the retrospective and prospective application of amendment in Section 14A of the Income-tax Act....

August 6, 2022 6039 Views 4 comments Print

Disallowance of Expenditure incurred in relation to income exempt from tax

Income Tax : Section 14A, which pertaining to Expenditure incurred in relation to income not includible in total income, was introduced with ef...

March 16, 2022 7941 Views 0 comment Print

Section 14A disallowance even in absence of any exempt income

Income Tax : Clarification in respect of disallowance under section 14A in absence of any exempt income during an assessment year Section 14A o...

February 1, 2022 36579 Views 3 comments Print

Section 14A disallowance- South Indian Bank Ltd Vs. CIT (Supreme Court)

Income Tax : The issue before the Hon’ble Supreme Court (SC) was whether section 14A of the Income-tax Act, 1961 (the Act) enables the Depart...

September 21, 2021 7794 Views 1 comment Print

Land Mark Judgement: No section 14A disallowance if assessee had sufficient interest free own fund

Income Tax : In the landmark judgement the Hon’ble Supreme Court of India allowed the appeal of the South Indian Bank by settling the long dr...

September 13, 2021 11955 Views 0 comment Print


Latest News


6 Suggestions for Amendments in Income Tax Act by BCAS

Income Tax : Bombay Chartered Accountants' Society has made a Representation on 'Suggestions for Amendments in the Income Tax Act', on 24th May...

May 28, 2019 8103 Views 2 comments Print

Stop Mechanical disallowance of expenditure u/s 14A r.w. Rule 8D: ICAI

Income Tax : The mechanical disallowance u/s 14A r.w. Rule 8D is also being added to the book profit by the AO irrespective of the fact whethe...

January 24, 2018 843 Views 0 comment Print

Easwar Committee Recommendations For Income Tax Reforms Through Administrative Instructions

Income Tax : 1. IMPLEMENTATION OF IND-AS AND THEIR IMPACT ON TAXABLE INCOME IND-AS (Indian version of IFRS) accounting standards are being impl...

January 21, 2016 1094 Views 0 comment Print

Simplify Section 14A to remove ambiguity

Income Tax : Amendments to Section 14A to provide that (i) dividend received after suffering dividend-distribution tax and share income from fi...

January 19, 2016 713 Views 0 comment Print

Bombay high court to hear petition challenging Constitutional validity of Rule 8D

Income Tax : As earlier intimated to you, Writ Petition bearing No. 50 of 2010 (Indian Exporters Grievances Forum & Other vs. CIT) challenging ...

February 17, 2010 519 Views 0 comment Print


Latest Judiciary


ITAT Deletes Notional Addition for Unsold Flats, Section 23(5) Not Applicable to AY 2014-15

Income Tax : ITAT Kolkata clarifies Section 14A disallowance limits, deletes notional income addition for unsold flats (AY 2014-15), and remand...

February 14, 2025 72 Views 0 comment Print

Section 14A addition Not to Be Added Back for Section 115JB Book Profits: ITAT Delhi

Income Tax : ITAT Delhi ruled on Section 14A disallowance and its impact on MAT under Section 115JB in ACIT vs. Vireet Investment Pvt. Ltd. Key...

February 7, 2025 162 Views 0 comment Print

Section 14A disallowance not includible in book profits in terms of Section 115JB 

Income Tax : ITAT Mumbai dismissed the Revenue’s appeal in DCIT Vs. Welspun Steel Ltd., ruling that Section 14A disallowance cannot exceed ex...

February 7, 2025 189 Views 0 comment Print

Consider Investments Yielding Exempt for Rule 8D Disallowance: ITAT Delhi

Income Tax : ITAT Delhi remanded the issue back to file of AO to re-compute disallowance under rule 8D(2)(ii) of the Income Tax Act by taking t...

February 6, 2025 213 Views 0 comment Print

Rule 8D Disallowance should be Based on Average Investment Value: ITAT Mumbai

Income Tax : ITAT Mumbai held that disallowance under rule 8D(2)(ii) r.w.s. 14A of the Income Tax Rules should be made on average value of inve...

February 6, 2025 171 Views 0 comment Print


Latest Notifications


Section 14A disallowance cannot exceed total expense: CBDT

Income Tax : 2) The expenditure in relation to income which does not form part of the total income shall be the aggregate of following amounts,...

June 2, 2016 6121 Views 0 comment Print

CBDT Circular No. 5/2014 Dated: 11.02.2014

Income Tax : Circular No. 5/2014-Income Tax Central Board of Direct Taxes, in exercise of its powers under section 119 of the Act hereby clari...

February 11, 2014 53330 Views 0 comment Print

Notification No. 45/2008-Income Tax Dated: March 24, 2008 on Section 14A

Income Tax : INCOME TAX NOTIFICATION NO-45/2008, DT: March 24, 2008 Method for determining amount of expenditure in relation to income not incl...

March 31, 2008 3653 Views 0 comment Print

Proceedings U/s. 144A & 144B of Income Tax Act, 1961- Procedural Instructions

Income Tax : The provisions of Sections 144-A and 144-B of the Income-tax Act have come into force with effect from 1st January 1976. Instructi...

December 31, 1977 11438 Views 0 comment Print


Latest Posts in Section 14A

ITAT Deletes Notional Addition for Unsold Flats, Section 23(5) Not Applicable to AY 2014-15

February 14, 2025 72 Views 0 comment Print

ITAT Kolkata clarifies Section 14A disallowance limits, deletes notional income addition for unsold flats (AY 2014-15), and remands interest expense and unexplained expense issues.

Section 14A addition Not to Be Added Back for Section 115JB Book Profits: ITAT Delhi

February 7, 2025 162 Views 0 comment Print

ITAT Delhi ruled on Section 14A disallowance and its impact on MAT under Section 115JB in ACIT vs. Vireet Investment Pvt. Ltd. Key case details and outcome.

Section 14A disallowance not includible in book profits in terms of Section 115JB 

February 7, 2025 189 Views 0 comment Print

ITAT Mumbai dismissed the Revenue’s appeal in DCIT Vs. Welspun Steel Ltd., ruling that Section 14A disallowance cannot exceed exempt income. Read case details.

Consider Investments Yielding Exempt for Rule 8D Disallowance: ITAT Delhi

February 6, 2025 213 Views 0 comment Print

ITAT Delhi remanded the issue back to file of AO to re-compute disallowance under rule 8D(2)(ii) of the Income Tax Act by taking those investment which give rise to exempt income @1% of average value of investment.

Rule 8D Disallowance should be Based on Average Investment Value: ITAT Mumbai

February 6, 2025 171 Views 0 comment Print

ITAT Mumbai held that disallowance under rule 8D(2)(ii) r.w.s. 14A of the Income Tax Rules should be made on average value of investment yielding exempt income and not on the basis of quantum of investment based on market value.

Section 270AA(2) Immunity cannot be denied for Belated Form-68 Application: ITAT Bangalore

January 31, 2025 402 Views 0 comment Print

Read the full text of the ITAT Bangalore order in the DACSS Granites Pvt. Ltd. case. The tribunal rules that immunity under Section 270AA(2) cannot be denied due to a belated Form-68 application.

Addition u/s. 68 deleted as identity, genuineness and creditworthiness of lenders established

January 30, 2025 123 Views 0 comment Print

ITAT Ahmedabad held that additions under section 68 of the Income Tax Act is not sustainable since assessee established identity, genuineness and creditworthiness of the lenders. Accordingly, addition u/s. 68 deleted.

TDS not deductible on commission paid to foreign agents as no PE in India

January 27, 2025 312 Views 0 comment Print

ITAT Chennai held that payments are in the nature of selling commission to foreign agents who is not having permanent establishment or business connection in India is not taxable in India and accordingly, TDS u/s. 195 not deductible.

Cost imposed on assessee for non-compliance with notices issued by CIT(A) u/s. 250

January 27, 2025 183 Views 0 comment Print

ITAT Ahmedabad held that non-compliance to notices issued u/s. 250 by CIT(A) resulted into delayed appellate proceedings. Accordingly, cost of Rs. 5,000 imposed on the assessee for lack of diligence.

No Retrospective Amendment to Section 14A vide Finance Act 2022: ITAT Mumbai

January 27, 2025 804 Views 0 comment Print

The ITAT Mumbai dismissed the Revenue’s plea on Section 14A disallowance, ruling that the amendment introduced in Finance Act 2022 is not retrospective.

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