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ITAT Hyderabad Rules No Section 14A Disallowance Without Exempt Income
Discover the recent ITAT Hyderabad ruling on Section 14A disallowance, confirming it cannot apply without exempt income for the assessment year.
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Section 14A Disallowance Requires Exempt Income: ITAT Deletes Addition
Learn how the ITAT Hyderabad ruled against Section 14A disallowance when no exempt income is earned and clarified Finance Act 2022 amendments.
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ITAT Hyderabad Quashes Section 263 Revision Regarding Section 14A Disallowance
ITAT Hyderabad rules that Section 263 revision for Section 14A disallowance without exempt income is invalid and the 2022 amendment is prospective.
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Section 14A Disallowance Restricted to Dividend Yielding Investments ITAT Kolkata
ITAT Kolkata grants major relief on Section 14A disallowance, restricting Rule 8D calculations solely to dividend-yielding investments.
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ITAT Chennai Rules Section 154 Cannot Add Fresh Section 14A Disallowance
ITAT Chennai held that fresh Section 14A disallowances cannot be introduced through Section 154 rectification proceedings, quashing a Rs 35.37 lakh addition.
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Gujarat High Court Rules Against Section 14A Interest Disallowance on Back-to-Back Lending
Gujarat High Court deletes Rs 23.78 crore Section 14A interest disallowance, ruling in favor of direct nexus in back-to-back lending transactions.
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Madras High Court Rules Section 14A Disallowance Unsustainable When Own Funds Exceed Investments
Madras HC rules Section 14A additions unsustainable when internal reserves exceed tax-free investments, providing relief to corporate taxpayers.
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Bombay High Court Upholds Section 10B Benefit and Section 14A Relief for EOU
Bombay High Court dismisses Revenue appeals, upholding Section 10B benefits for a 100% EOU and sustaining the deletion of Rule 8D disallowance.