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| The Tax Publishers2020 TaxPub(DT) 1683 (SC) : (2020) 269 TAXMAN 0571 INCOME TAX ACT, 1961
Section 261 Section 14A
Where the department preferred SLP to appeal against the judgment of Kerala High Court in CIT v. State Bank of Travancore [ITA No. 830 of 2009, dt. 6-12-2018] : 2020 TaxPub(DT) 1688 (Ker-HC), whereby the High Court held that in CIT v. Essar Tele holdings Ltd. [2018] 401 ITR 445, it was held that provisions of section 14A would be applicable only from the assessment year 2007-08, thus, the instant appeal being from an assessment year long prior to that, the issue was answered in favour of the assessee and against the revenue, the Supreme Court dismissed the SLP.
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Appeal (Supreme Court) - Special leave petition - Disallowance under section 14 - Expenditure against exempt income--Whether provisions of section 14A would be applicable prior to assessment year 2007-08
Department preferred SLP to appeal against the judgment of Kerala High Court in CIT v. State Bank of Travancore [ITA No. 830 of 2009, dt. 6-12-2018] : 2020 TaxPub(DT) 1688 (Ker-HC), whereby the High Court held that in CIT v. Essar Tele holdings Ltd. [2018] 401 ITR 445, it was held that provisions of section 14A would be applicable only from the assessment year 2007-08, thus, the instant appeal being from an assessment year long prior to that, the issue was answered in favour of the assessee and against the revenue.Held: The Supreme Court dismissed the SLP.
REFERRED :
FAVOUR : SLP dismissed.
A.Y. :
IN THE SUPREME COURT OF INDIA
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