2018 (7) TMI 385 - SCH - Income Tax

Disallowance u/s 14A made in the course of the search - ITAT cancelled the disallowance in excess of ₹ 69 lacs, was unwarranted because there was no tax imposition income in the given year relying on decision in Cheminvest Ltd. vs Commissioner of Income Tax 2015 (9) TMI 238 - DELHI HIGH COURT) - Held that - SLP dismissed.

Summary

The Supreme Court of India in 2018 dismissed the Special Leave Petition after condoning the delay. The respondent did not appear. Any pending applications were disposed of accordingly.