Skip to content Skip to footer

SECTION 14A OF THE INCOME-TAX ACT, 1961 – EXPENDITURE INCURRED IN RELATION TO INCOME NOT INCLUDIBLE IN TOTAL INCOME

Rule 8D : Where Tribunal remanded matter back to Assessing Officer for disallowance of expenses under section 14A, since Tribunal did not consider decision of a coordinate Bench in assessee’s own case for earlier assessment year where in on similar facts of disallowance under section 14A, Tribunal had allowed interest expenditure to assessee and only referred to and relied upon submissions made by assessee to decide issue for disallowance under section14A, impugned order of Tribunal was to be set aside and matter was to be remanded to Tribunal to decide issue afresh – Gujarat State Fertilizers and Chemicals Ltd. v. Deputy Commissioner of Income-tax, Central Circle 1(1)(1) – [2024] 160 taxmann.com 649 (Gujarat)

Cart0
Cart0

Disclaimer

As per the provisions of CA Act, we are not permitted to solicit work and advertise. The user acknowledges the following:
There has been no advertisement, personal communication, solicitation, invitation or inducement of any sort whatsoever from us or any of our members to solicit any work through this website; The user wishes to gain more information about us for his/her own information and use; The information about us is provided to the user only on his/her specific request and any information obtained or materials downloaded from this website is completely at the user’s volition and any transmission, receipt or use of this site would not create any lawyer-client relationship. The information provided under this website is solely available at your request for information purpose only and should not be interpreted as soliciting or advertisement.
We are not liable for any consequence of any action taken by the user relying on material/information provided under this website. In cases where the user has any legal issues, he/she in all cases must seek independent professional advice, as the material contained in this document does not constitute/substitute professional advice that may be required before acting on any matter. Neither this website nor the web pages and the information contained herein constitute a contract, or will form the basis of a contract. While, every care has been taken in preparing the content of this website and web pages to ensure accuracy at the time of publication and creation, however, Bicaps APS & Associates assumes no responsibility for any errors, which despite all precautions may be found herein. All disputes, if any, are subject to the exclusive jurisdiction of courts at New Delhi, India only.