Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    Exporters Win: Refund Claim Upheld Despite Document...     TaxTMI    Govt Raises Excise Duty on Petrol and Diesel to Rs....     TaxTMI    Insolvency Professionals Regulations Updated: Time...     TaxTMI    Interactive Flat Panel Displays Clarified:...     TaxTMI    Customs Importers Must Upload Complete E-Sanchit...     TaxTMI    Financial Intermediaries Must Meet Strict...     TaxTMI    SEBI Mandates Standardized System and Network Audit...     TaxTMI    RBI Sets Foreign Portfolio Investment Limits for...     TaxTMI    Data Management Charges Not Taxable as Technical...     TaxTMI    Government Revises Customs Duty Conditions for...     TaxTMI    PAN Card Holders Must Link Aadhaar by December 31,...     TaxTMI    Export Entry Conversion Rules Allow One-Year Window...     TaxTMI    Exporters Get Streamlined Documentation Rules:...     TaxTMI    Taxpayers Can Leverage Section 128A Benefits for...     TaxTMI    Customs Extends Sea Cargo Manifest Electronic...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights May 2011 Year 2011 This

Depreciation u/s 32 and Deduction u/s 80D can not be disallowed ...


Section 32 and 80D Deductions Not Partially Disallowable u/s 14A: Not Expenditures by Assessee.

May 13, 2011

Case Laws     Income Tax     AT

Depreciation u/s 32 and Deduction u/s 80D can not be disallowed partially under section 14A since these are not expenditure incurred by assessee.

View Source

 

← Previous Next →

 

You may also like:

  1. This case deals with the disallowance of expenditure u/s 14A of the Income Tax Act, which pertains to expenditure incurred in relation to exempt income. The key points...

  2. Nature of expenditure - Expenditure incurred by the assessee towards repairs and renovation of the premises to house the branch - if the expenditure incurred by the...

  3. Disallowance u/s 14A is limited to Rs.2,77,80,538/- and cannot be treated as an enhancement of assessment. Neither assessee nor AO mentioned a specific figure linked to...

  4. Allowable deduction of interest paid on the borrowings - Section 14A and Section 36(1)(iii) - Exempted dividend income - Based on the discussions and findings, the court...

  5. Disallowance u/s 14A read with Rule 8D - The assessing officer's reliance on CBDT Circular No. 5 of 2014 to make disallowance u/s 14A is legally untenable and liable to...

  6. Deduction u/s 57(iii) - As long as the purpose of incurring expenditure is to earn income, the expenditure would have to be allowed as a deduction under Section 57(iii)...

  7. The ITAT ruled that denial of weighted deduction under s.35(2AB) does not prevent the assessee from claiming normal deduction for R&D expenditure under s.35(1)(i)...

  8. Whereas the expenditure of a capital nature incurred on the renovation etc. of a building, which is not owned by the assessee but in respect of which the assessee holds...

  9. Disallowance u/s 14A read with Rule 8D - In any case, as per section 14A(3) whether or not the assessee has incurred any expenditure for earning exempt income, a part of...

  10. Allowable as business expenses - Small contributions to local people and institution on request of employees and business associates - Section 37 of the Act contemplates...

  11. Assessment u/s 14A r.w.r. 8D - the disallowance under Rule 8D of the IT Rules read with Section 14A of the Act can never exceed the exempted income earned by the...

  12. Weighted deductions claimed u/s 35(2AB) - The petitioner challenged the restriction of the eligibility period for weighted deductions on R&D expenditure, contending it...

  13. The Appellate Tribunal ruled in favor of the assessee on the following issues: TP adjustment on international transactions for sale of goods, disallowance u/s 14A read...

  14. Disallowance of deduction claimed u/s 10AA after claiming deduction / exemption u/s 10A - SEZ unit - As on the commencement of assessment year 2006-07, which is the...

  15. The Income Tax Appellate Tribunal (ITAT) has adjudicated on various issues concerning deductions u/ss 80IA(4), 14A, and 35D. Regarding Section 80IA(4) deduction, the...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
F: Digital Services Export: GST Compliance Clarified for Retroactive LUT ...
F: Tax Professionals Navigate Complex GST Return Challenges with Strategi...
F: Tax Implications Revealed: Printer Rental Charges Trigger Dual TDS Cal...
F: Scrap Metal Sales in SEZ: Unraveling TDS Complexities Under IGST and C...
F: GST Audit Notice Timelines: No Strict Deadline for ADT-01 Issuance Und...
A: Digital Signatures and Director IDs Mandatory for OPC Annual Returns t...
A: Input Tax Credit for Commercial Properties Depends on Functional Neces...
A: Postal Import Regulations 2025 Streamline Cross-Border Shipping Protoc...
A: Customs Brokers: Navigating Global Trade Complexities with Expert Docu...
A: Customs Brokers Navigate Complex Import-Export Regulations Through Lic...
A: Freight Forwarders: Essential Logistics Experts Bridging Global Trade ...
A: Comprehensive Labeling Rules for Pre-Packaged Fertilizers Ensure Consu...
A: Comprehensive Fertilizer Import Guidelines Streamline Agricultural Tra...
A: Fertilizer Import Dynamics: Balancing Global Supply, Domestic Needs, a...
A: Comprehensive Regulatory Framework Ensuring Quality, Distribution, and...
A: Customs Authority Launches NIRYAT SAMVAAD: Monthly Grievance Platform ...
H: Minor Invoice Number Mismatch Does Not Justify Penalty: Technical Erro...
H: Procedural Fairness Prevails: Appeal Reinstated After Violation of Nat...
H: GST Registration Cancellation Overturned: Procedural Flaws and Lack of...
H: Taxpayers Can File Delayed GST Returns After Paying Interest, Court Al...
H: Tax Refund Claim Validated: Department Must Process Refund When No App...
H: Appeal Reinstated: Authorized Signatory Validated, Procedural Fairness...
H: Tax Credit Dispute Resolved: Taxpayer's Genuine Error Recognized, Rect...
H: Income Tax Reassessment Invalidated: AO Fails to Provide Substantive E...
H: ITAT Grants Tax Deductions for CSR Expenses, Directs Reassessment of T...
H: Faceless Assessment Scheme: NFeAC Lacks Jurisdiction for Notices Issue...
H: Taxpayer Wins Major Relief: Multiple Expense Disallowances Deleted Bas...
H: Company Director Wins Tax Battle: Share Premium Valuation Upheld, No A...
H: Strict 90-Day Time Limit for Customs Broker Show Cause Notices Invalid...
H: Capital Reduction Scheme Validated: 99.92% Shareholder Approval Confir...