Is disallowance u/s section 14A of the IT Act allowed when own capital is higher than investment in shares?
Last updated: 12 June 2021
Court :
ITAT Ahmedabad
Brief :
The above four appeals are cross-appeals by the Revenue and the assessee directed against orders of the ld.CIT(A)-7, Ahmedabad of even dated i.e. 12.02.2018 for the above two assessment years. All these four appeals are disposed of by this common order for the sake of convenience.
Citation :
ITA 1436/AHD/2018
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Published in Income Tax
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