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

Last updated: 22 September 2021
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

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