Dismissing the appeal of the Revenue the Court held that where amount of disallowance made voluntarily by assessee was more than exempt income, No further disallowance can be made. Order of Tribunal is affirmed.(AY. 2014-15)
PCIT v. Coffee Day Enterprises Ltd. (2024) 165 taxxmann.com 328 (Karn)(HC) Editorial : SLP of Revenue is dismissed on account of delay in filing of SLP. PCIT v. Coffee Day Enterprises Ltd. (2024) 300 Taxman 357 (SC)
S. 14A : Disallowance of expenditure-Exempt income-Disallowance made voluntarily was more than exempt income-No further disallowance can be made.[S. 260A, R.8D]
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