#Section 14A
Log in to FollowDisallowance under Section 14A of Income TAx Act, 1961
Income Tax
Income Tax
Provisions of section 14A r.w.r. 8D cannot be invoked in absence of any exempt income
Income Tax
Income Tax
Subsidy received for establishing an industrial unit in backward area is capital receipt
Income Tax
Income Tax
Provisions of section 14A doesn’t apply in banking companies were shares & securities are held as stock
Income Tax
Income Tax
Directions issued by superior authorities are binding on Assessing Officer
Income Tax
Income Tax
Transfer of land from subsidiary to holding is not covered u/s 45 hence claim of LTCG not allowable
Income Tax
Income Tax
Strategic investment not part of average value of investment for disallowance u/r 8D(2)(iii) as no exempt income earned
Income Tax
Income Tax
Transfer of Renewable Energy Certificate is capital and not taxable as business income
Income Tax
Income Tax
Determination of ALP of intra group services as NIL not sustained as reasonable documents maintained
Income Tax
Income Tax
Addition of advances received as deemed dividend unsustainable as it is purely business transaction
Income Tax
Income Tax
Arriving at Arm’s Length Price as NIL without giving contrary finding is unsustainable
Income Tax
Income Tax
Transfer pricing adjustment @0.6% as arm’s length rate for corporate guarantee fee directed
Income Tax
Income Tax
ITAT deletes Penalty on income tax refund Interest & Section 14A Additions
Income Tax
Income Tax
Disallowance u/s 14A unsustainable as there is no requirement of head-wise bifurcation for computing income u/s 44
Income Tax
Income Tax
