| COURT: | ITAT Bangalore |
| CORAM: | Abraham P. George (AM), P. Madhavi Devi (JM) |
| SECTION(S): | 14A, Rule 8D |
| GENRE: | Domestic Tax |
| CATCH WORDS: | exempt income |
| COUNSEL: | H. N. Khincha |
| DATE: | September 12, 2014 (Date of pronouncement) |
| DATE: | October 17, 2014 (Date of publication) |
| AY: | 2009-2010 & 2010-11 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| S. 14A & Rule 8D disallowance cannot be made if there is no exempt income. Cheminvest Ltd. vs. ITO 121 ITD 318 (Ahd) (SB) is not good law. | |
There is no dispute that the assessee had no exempt income during both the years involved. No doubt as mentioned by the DR, the Special Bench of this Tribunal in the case of Cheminvest Ltd. vs. ITO 121 ITD 318, …
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