2019 (4) TMI 842 - SCH - Income Tax

Disallowance u/s 14A - High court upheld the holding of tribunal that disallwance is not permissible if the assessee had offered amounts as disallowance claiming them to be expenditure for tax exempt income and AO applied Rule 8D without adducing any reasons - held no substantial question of law arises. HELD THAT - The special leave petition is dismissed on the ground of delay as well as on merits.