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2022 (9) TMI 98 - ITAT KOLKATA
Disallowance u/s 14A r.w. r. 8D - AO sought to disallow the expenditure relatable to earning of tax-free income - As contended by the assessee that it has not earned any dividend or exempted income during the year - HELD THAT:- We are of the view that no disallowance is required to be made in the case of assessee because it has not earned any tax-free income as was in the case of M/s. Era Infrastructure (India) Limited [2022 (7) TMI 1093 - DELHI HIGH COURT] before the Hon'ble Delhi High Court. We allow the appeal and delete the addition.