Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2021 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (8) TMI 666 - HC - Income TaxAddition u/s 14A - Whether no exempt income was earned by the assessee? - HELD THAT:- We note of the decision of the Hon'ble Supreme Court in the case of CIT vs. Chettinad Logistice (P.) Ltd., [2018 (7) TMI 567 - SC ORDER] wherein, the decision of the High Court holding that Section 14A cannot be invoked where no exempt income was earned by the assessee in the relevant assessment year was affirmed. The decision in the case of Redington (India) Ltd. vs. Additional Commissioner of Income-tax [2017 (1) TMI 318 - MADRAS HIGH COURT] would also come to the aid and assistance of the assessee. - Decided in favour of the assessee
|