CIT(A) errs in not considering that section 14A provides for expenditure incurred for earning exempt income

Last updated: 22 September 2021

Save Share

Quick Summary

The Income Tax Appellate Tribunal ruled that the CIT(A) made an error by not properly considering Section 14A of the Income Tax Act. This section pertains to the disallowance of expenditure incurred for earning income that is exempt from tax. The tribunal's decision implies that such expenses should be disallowed, even if the income itself is not taxable.

Court :
ITAT Hyderabad

Brief :
These three appeals filed by the Revenue are directed against CIT(A) - 4, Hyderabad’s separate orders, all dated 25/11/2019 for AYs 2-13-14, 2014-15 and 2015-16 involving proceedings u/s 143(3) of the Income- Tax Act, 1961

Citation :
ITA Nos. 164, 165 & 166/H/2020

Daily Limit Reached

You have reached your daily limit of 2 Free Judgements

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Community
Daily E-Newsletter
Unlimited Judgements Access
Profile Visitors
Link Social Profiles
Featured Job Posts
Pro Badge
Expert GST Guidance
Unlimited Forum Replies
Download Content in PDF

1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

BEST VALUE

3 Years PLAN

4999

(Excl. of GST ₹899)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience. 07941056694

Attached File : 1442821_4442_1630670438_164_165_166_h_2020_nsl_renewable_power_pvt_ltd.pdf

downloaded 323 times

126 Views Comment Share Income Tax Report

Judgement posted by

Poojitha Raam Vinay

Practice

I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

View Judgements

Comments