Home › Income-Tax Act › Dy. CIT v. Laxmi Energy and Foods Ltd. (2024)114 ITR 88 (SN)(Chd)(Trib)

Dy. CIT v. Laxmi Energy and Foods Ltd. (2024)114 ITR 88 (SN)(Chd)(Trib)

S.14A : Disallowance of expenditure-Exempt income-Disallowance cannot exceed amount of exempt Income. [S.10(34) R.8D]

Held that the disallowance under section 14A of the Act  cannot exceed the exempt income. (AY.2011-12)

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