#Section 14A
Log in to FollowDisallowance under Section 14A of Income TAx Act, 1961
Income Tax
Income Tax
AO cannot go beyond the directions/ orders of CIT (A) while working under the order
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Provisions of Rule 8D applicable from A.Y. 2008-09 and is not retrospective
Income Tax
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If provisions of section 14A is to be invoked, disallowance is to be computed as per rule 8D
Income Tax
Income Tax
Invocation of rule 8D without recording objective satisfaction by the Assessing Officer is not proper
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Interest income earned by assessee on money in bank related to business income is allowed u/s 80IA
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Satisfaction must be recorded before invoking provision of section 14A read with Rule 8D
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Application of provision of section 14A r.w. Rule 8D without recording satisfaction cannot be upheld
Income Tax
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Disallowance U/s. 14A cannot be made if Assesseee suo motto disallowed the expenses in excess of working U/s. 14A r.w. Rule 8D
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Review u/s 254(2) only if there is a mistake apparent from the record
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Issue of ‘treatment of forfeiture of guarantee amount given for purchase of machinery’ , ‘validity of entertaining Revised claim and disallowance u/s 14A
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14A : No disallowance of expenditure can be made on estimate basis against exempt income
Income Tax
Income Tax
Applicability of Disallowance U/s 14A Read With Rule 8D if objective satisfaction is not recorded
Income Tax
Income Tax
Calculation of Average Investment U/s 14A r.w rule 8D only Tax Free Investment to be Considered
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Income Tax
