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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Disallowance u/s 14A - The AO has not shown any relation between ...


AO's Disallowance u/s 14A Overturned by CIT(A) Due to Lack of Connection Between Income and Expenditure.

March 14, 2015

Case Laws     Income Tax     AT

Disallowance u/s 14A - The AO has not shown any relation between the exempt income and expenditure incurred. Therefore, Ld. CIT(A) has rightly held that the AO has not followed the directions of the ITAT and the Hon. High Court of Court of Delhi - AT

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