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2019 (3) TMI 1545 - AT - Income TaxAddition u/s 14A r.w.r. 8D - no exempt income - AO made the addition placing reliance on the Circular No.5/2014 of the CBDT dated 11.02.2014 - HELD THAT:- Circular cannot override the express provisions of section 14A r.w.Rule 8D of I.T.Rules. After considering various decisions, we held that no disallowance u/s 14A of the Act was called for in case of no exempt income earned by the assessee, in the relevant assessment years. On identical facts, this Tribunal also held in favour of the assessee in the case of Sri P.Venkateswara Rao [ 2018 (12) TMI 514 - ITAT VISAKHAPATNAM] - Decided in favour of assessee
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