Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (10) TMI 71 - ITAT AHMEDABADDisallowance u/s 14A r.w.r. 8D - HELD THAT:- CIT(A) failed to consider that the agricultural income is not a business income. Neither any expenditure has been claimed by the assessee in this regard. Hence, when there is no exempt income the disallowance is not permissible as the ratio laid down in the judgment passed by the Hon’ble Jurisdictional High Court in the matter of Corrtech Energy Pvt. Ltd. [2014 (3) TMI 856 - GUJARAT HIGH COURT] is thus applicable to the instant case. Thus we are of the considered view to delete the addition made by the Learned AO. The appeal is, therefore, allowed.
|