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Income Tax - Highlights / Catch Notes

Home Highlights August 2020 Year 2020 This

Addition u/s 14A - Whether the provisions of section 14A are ...


Supreme Court Rules Section 14A Inapplicable Without Exempt Income Earned During Financial Year.

August 28, 2020

Case Laws     Income Tax     AT

Addition u/s 14A - Whether the provisions of section 14A are applicable even when no exempt income is earned? - Recently, the Hon'ble Supreme Court has dismissed the SLP filed against the decision of the High Court wherein it was held that section 14A of Act cannot be invoked where no exempt income was earned in the relevant year. - AT

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