Home › Income-Tax Act › CIT, LTU v. Canara Bank. (2022) 142 taxmann.com 361 (Karn)(HC) Editorial : Notice issued IN SLP filed by the Revenue, CIT, LTU v. Canara Bank. (2022) 289 Taxman 82 (SC)

CIT, LTU v. Canara Bank. (2022) 142 taxmann.com 361 (Karn)(HC) Editorial : Notice issued IN SLP filed by the Revenue, CIT, LTU v. Canara Bank. (2022) 289 Taxman 82 (SC)

S. 14A : Disallowance of expenditure-Exempt income-Not incurred any expenditure in earning dividend income-No disallowance could be made. [R. 8D]

Dismissing the appeal of the Revenue the Court held that the assessee-bank had not incurred any expenditure in earning dividend income, hense, no disallowance could be mad. (AY. 2007-08)