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2018 (4) TMI 23 - HC - Income TaxRevision u/s 263 - apportionment of expenses against exempted income under Section 14A r.w.r.8D - Held that:- The issue involved in the present case stands concluded against the revenue in The Pr. Commissioner of Income Tax, Patiala Vs. State Bank of Patiala [2017 (5) TMI 843 - PUNJAB AND HARYANA HIGH COURT] as held the amount of disallowance under section 14A was restricted to the amount of exempt income only and not at a higher figure. Once that was so, we do not consider it appropriate to discuss the scope of section 263 of the Act as the same has been rendered academic in view of the issue being answered in favour of the assessee on the merits. Thus, no substantial question of law arises.
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