2021 (6) TMI 993 - HC - Income Tax

Disallowance u/s 14A read with Rule 8D - HELD THAT - It is not in dispute that the question of law framed by this appeal has already been considered by Division Bench of this Court in Commissioner of Income-Tax and another vs. Sabari Enterprises 2007 (7) TMI 169 - KARNATAKA HIGH COURT As perused the judgment rendered in the aforesaid case and we find that the reasons set out therein to disallow the contention of the revenue are just and proper and do not call for any reconsideration. - Decided in favour of assessee.

Summary

The Karnataka High Court dismissed the revenue's appeal challenging an order related to the assessment year 2013-14. The court upheld that there cannot be any disallowance under Section 14A read with Rule 8D, based on a previous case. The appeal was dismissed as it lacked merit.