#Section 14A
Log in to FollowDisallowance under Section 14A of Income TAx Act, 1961
Income Tax
Income Tax
Expense incurred by holding company on behalf of subsidiary company cannot be treated as deemed dividend
Income Tax
Income Tax
No addition u/s 68 of ₹2.30 Crore as assessee had duly discharged burden of proof of share transactions
Income Tax
Income Tax
Section 68 Addition sustained as creditworthiness of lender not proved: ITAT Visakhapatnam
Income Tax
Income Tax
Bank’s Claim for non- rural bad debt write off u/s 36(1)(vii) was allowable without adjusted against provisions for bad and doubtful debts.
Income Tax
Income Tax
Monetary Limit Circular: Karnataka HC Upholds Deletion of Disallowed Short Term Capital Loss
Income Tax
Income Tax
Deduction u/s. 80-IB disallowed for interest on staff advances and bank deposits: ITAT Ahmedabad
Income Tax
Income Tax
Assessment Order was barred by limitation u/s 153 if digital signature by NFAC was delayed beyond statutory deadline
Income Tax
Income Tax
Disallowance u/s 14A was computed @ 0.5% of exempt income earned based on Rule 8D(2)(iii)
Income Tax
Income Tax
Disallowance u/s. 14A without recording proper satisfaction untenable: ITAT Cochin
Income Tax
Income Tax
Revisionary proceedings u/s. 263 resulting into second opinion/ view of PCIT impermissible: ITAT Ahmedabad
Income Tax
Income Tax
Revision u/s 263 could be invoked if Order was erroneous and prejudicial to interest of Revenue
Income Tax
Income Tax
Explanation to section 14A inserted vide Finance Act, 2022 has prospective effect: Gauhati HC
Income Tax
Income Tax
Invoking jurisdiction u/s. 263 based on second view of PCIT not permissible: ITAT Ahmedabad
Income Tax
Income Tax
