PCIT v. Keti Construction Ltd [2024] 162 taxmann.com 278 / (2025) 475 ITR 182 (MP) (HC)

S.14A : Disallowance of expenditure-Exempt income-No exempt income-No disallowance can be made-Amendment in law will be applicable prospectively from 1-4-2022. [S. 260A, R.8D]

Held that when there is no exempt income, no disallowance can be made. Amendment in law will be applicable prospectively from 1-4-2022.  (AY.  2013-14)

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