The ITAT upheld disallowance u/s 14A r.w.r.8D for expenditure on ...

ITAT ruled against the assessee on various issues including disallowance of expenses and leave encashment.

June 10, 2024

Case Laws Income Tax AT

The ITAT upheld disallowance u/s 14A r.w.r.8D for expenditure on earning exempt income due to lack of fund utilization details. Dismissed appeal as assessee failed to provide supporting documents. Dismissed disallowance u/s 40(a)(ia) for TDS non-deduction as assessee admitted lapse. Upheld disallowance u/s 43B for late leave encashment deposit as assessee failed to contest. Rejecting appeal, ITAT cited Chekmate Services Pvt. Ltd. ruling that delayed PF & ESI contributions are not deductible u/s 36(1)(va) if deposited post due date.

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The ITAT upheld disallowance u/s 14A r.w.r.8D for expenditure on ...

ITAT ruled against the assessee on various issues including disallowance of expenses and leave encashment.

June 10, 2024

Case Laws Income Tax AT

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