Home › Income-Tax Act › Jaswantlal J. Shah. v. ACIT (2021) 190 ITD 157 (Mum.)(Trib.)/ MKJ Enterprises Ltd .v. DCIT (2020) 212 TTJ 507 (Kol)( Trib)/ACIT v. Madura Garments Lifestyle Retail Co. Ltd. (2021)92 ITR 11 (SN) (Mum) ( Trib)/JCIT v. T. V. Today Network Ltd. (2021)92 ITR 53 (SN)(Delhi) ( Trib)/Century Real Estate Holdings Pvt Ltd v. Dy.CIT ( 2021 ) 92 ITR 32 ( Bang)( Trib) Century Real Estate Holdings Pvt Ltd v. Dy.CIT ( 2021 ) 92 ITR 32 ( Bang)( Trib)

Jaswantlal J. Shah. v. ACIT (2021) 190 ITD 157 (Mum.)(Trib.)/ MKJ Enterprises Ltd .v. DCIT (2020) 212 TTJ 507 (Kol)( Trib)/ACIT v. Madura Garments Lifestyle Retail Co. Ltd. (2021)92 ITR 11 (SN) (Mum) ( Trib)/JCIT v. T. V. Today Network Ltd. (2021)92 ITR 53 (SN)(Delhi) ( Trib)/Century Real Estate Holdings Pvt Ltd v. Dy.CIT ( 2021 ) 92 ITR 32 ( Bang)( Trib) Century Real Estate Holdings Pvt Ltd v. Dy.CIT ( 2021 ) 92 ITR 32 ( Bang)( Trib)

S.14A : Disallowance of expenditure-Exempt income-Disallowance cannot exceed the exempt income. [R.8D]

Tribunal held that disallowance cannot exceed exempt income earned by assessee during year. (AY. 2009-10 to 2011-12)