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2021 (6) TMI 285 - AT - Income TaxDisallowance u/s 14A r.w.r. 8D - Whether no exempt income received by the assessee ? - CIT-A deleted the addition - HELD THAT:- We found that the CIT(A) has relied on the findings in the assessment order and observed that there is no exempt income received by the assessee and relied on the provisions of Sec. 14A r.w.r 8D of the IT Rules. Further CIT(A) emphasized that the provisions of Sec.14A of the Act shall not be applicable where there is no exempt income received - Accordingly, we are not inclined to interfere with the order of the CIT(A) and uphold the same and dismiss the grounds of appeal of the revenue.
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