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2018 (6) TMI 826 - AT - Income TaxDisallowance u/s 14A - whether disallowance can be made in a year in which no exempt income has been earned or received by the Assessee? - Held that:- following the decision of the Hon’ble Delhi High Court in the case of Cheminvest Limited vs. Commissioner Of Income Tax [2015 (9) TMI 238 - DELHI HIGH COURT] has held that if no dividend income is earned during the year, no disallowances u/s 14A is warranted - no error in the finding of the Ld. CIT(A) on the issue in dispute and accordingly, uphold the same - Decided against the revenue. Disallowance u/s 37(1) - advertisement and publicity expenditure - Deferred revenue expenditure or revenue expenditure - Held that:- Assessee entered into an agreement with the “Municipal Corporation of Delhi” (MCD) for maintaining and operating public urinals in lieu of “OOH” advertisement media display on operation maintenance and transfer basis - pursuance of the said agreement, the assessee incurred an expenditure and claimed as revenue expenditure - thus relying upon the decision in the case of City Financial Consumer Finance Ltd [2011 (3) TMI 622 - DELHI HIGH COURT] where it is held that the assessee has not claimed for spread of the expenditure over the concession period - hence do not find any error in the order of the Ld. CIT(A) and therefore appeal of revenue is dismissed.
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