#Section 14A
Log in to FollowDisallowance under Section 14A of Income TAx Act, 1961
Income Tax
Income Tax
Disallowance u/s 14A, suo moto or otherwise, not sustainable if interest free funds exceeds tax free investments
Income Tax
Income Tax
If there is no loss to revenue then there would be no Disallowance and Rule 8D is not applicable for A.Y. 2007-08
Income Tax
Income Tax
Discount on issue of ESOP is allowable expenditure u/s 37: ITAT
Income Tax
Income Tax
AO has to record his satisfaction before proceeding to make addition u/s 14A
Income Tax
Income Tax
Disallowance u/s 14A cannot be made on ad-hoc basis
Income Tax
Income Tax
Addition for low GP ratio cannot be made if it is consistent with previous Years without any change in factual position
Income Tax
Income Tax
No disallowance u/s 14A if no exempt income earned or received
Income Tax
Income Tax
Only Investments in respect of which income is exempt to be considered in working of disallowance U/s. 14A
Income Tax
Income Tax
Expenditure incurred in relation to income not includible in total income
Income Tax
Income Tax
AO cannot go beyond the directions/ orders of CIT (A) while working under the order
Income Tax
Income Tax
Provisions of Rule 8D applicable from A.Y. 2008-09 and is not retrospective
Income Tax
Income Tax
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
Income Tax
Income Tax
