Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (8) TMI 1431 - AT - Income TaxDisallowance u/s 14A - Held that:- Maximum disallowance in this case cannot exceed the amount of exempt income received by the assessee i.e. ₹ 34,445/-. Hence, restrict the disallowance to ₹ 34,445/- and allow the balance in favour of the assessee. See CIT Versus Holcim India P. Ltd [2014 (9) TMI 434 - DELHI HIGH COURT]
|