Home › Income-Tax Act › Marg Ltd. v. CIT (2020) 275 Taxman 502 / 195 DTR 409 / (2021) 318 CTR 148(Mad.)(HC)

Marg Ltd. v. CIT (2020) 275 Taxman 502 / 195 DTR 409 / (2021) 318 CTR 148(Mad.)(HC)

S. 14A : Disallowance of expenditure – Exempt income – Recording of satisfaction is mandatory after giving an opportunity of hearing -Disallowance cannot exceed exempt income .[ R.8D ]

Allowing the appeal of the assessee the Court held that  recording of satisfaction is mandatory after giving an opportunity of hearing  and disallowance cannot exceed exempt income .(AY. 2009-10 to 2012-13)

One comment on “Marg Ltd. v. CIT (2020) 275 Taxman 502 / 195 DTR 409 / (2021) 318 CTR 148(Mad.)(HC)”
  1. Nilesh K says:
    May 12, 2023 at 5:47 pm

    Great Compilation,