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| The Tax Publishers2019 TaxPub(DT) 0458 (Chd-Trib) INCOME TAX ACT, 1961
Section 14A
No disallowance is attracted under section 14A in case assessee had not earned any income not forming part of total income.
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Disallowance under section 14A - Expenditure against exempt income - No exempt income earned -
CIT(A) had deleted additions made by AO under section 14A on the ground that assessee did not earn any exempt income during year under consideration. Held: No disallowance is attracted under section 14A in case assessee had not earned any income not forming part of total income.
Relied:CIT v. Winsome Textiles (2009) 319 ITR 204 (P&H-HC) : 2009 TaxPub(DT) 2012 (P&H-HC), Cheminvest Ltd. v. ITO (2015) 378 ITR 33 (Del-HC) : 2015 TaxPub(DT) 3520 (Del-HC, CIT -- I v. Corrtech Energy (P) Ltd. (2015) 372 ITR 97 (Guj-HC) : 2014 TaxPub(DT) 2072 (Guj-HC) and CIT (II) Kanpur v. M/s. Shivam Motors (P) Ltd. in (Income Tax Appeal No. 88 of 2014, dt. 5-5-2014) : 2014 TaxPub(DT) 4333 (All-HC),
REFERRED :
FAVOUR : In assessee's favour
A.Y. :
IN THE ITAT, CHANDIGARH BENCH
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