High Court held that where amount of disallowance made voluntarily by assessee was more than exempt income, same would meet requirements as set out in section 14A. SLP filed by Revenue is dismissed on ground of delay of 340 days. Question of law, if any is kept open. (AY. 2014-15)
PCIT v. Coffee Day Enterprises Ltd. (2024) 300 Taxman 357 (SC) Editorial : PCIT v. Coffee Day Enterprises Ltd. (2024) 165 taxxmann.com 328 (Karn)(HC)
S. 14A : Disallowance of expenditure-Exempt income-Disallowance made voluntarily was more than exempt income-No further disallowance can be made-Delay of 340 days-SLP of Revenue is dismissed on account of delay in filing of SLP-Question of law, if any is kept open. [R.8D, Art. 136]
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