Disallowance u/s.14A and disallowance of interest u/s. 36 (1) (iii) of the Income Tax Act

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Last updated: 18 January 2021
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This Income Tax Appellate Tribunal case concerns OPG Securities Pvt. Ltd. and their appeal against disallowances made by the AO. The assessee is challenging two main points: the disallowance of expenses under Section 14A for earning dividend income, and the disallowance of interest expenses under Section 36(1)(iii). The AO noted that the company, involved in share trading, earned dividend income but did not disallow any expenses related to it.

Court :
ITAT New Delhi

Brief :
This appeal by the assessee is preferred against the order ofthe CIT(A)-38, New Delhi dated 23.10.2017 pertaining to A.Y. 2013-14.

Citation :
ITA No.599/DEL/2018

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