Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2017 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (9) TMI 577 - AT - Income TaxAddition u/s. 14A - application of provisions of Section 14A in the absence of exempt income - Held that:- This issue is no longer res integra as the several High Courts have held that for the purpose of invoking the provisions of Section 14A, it is sine qua non that there should be an exempt income. See Cheminvest Ltd., Vs. CIT [2015 (9) TMI 238 - DELHI HIGH COURT] We hold that in the absence of exempt income, the provisions of Section 14A cannot be applied. - Decided in favour of assessee.
|