Home › Tax Laws › PCIT v. Oil Industries Development Board (2019) 262 Taxman 102 (SC), www.itatonline.org Editorial : PCIT v. Oil Industries Development Board (2019) 103 taxmann.com 325 (Delhi)(HC) is affirmed .( ITA No. 187/2018 dt 16-02-2018)

PCIT v. Oil Industries Development Board (2019) 262 Taxman 102 (SC), www.itatonline.org Editorial : PCIT v. Oil Industries Development Board (2019) 103 taxmann.com 325 (Delhi)(HC) is affirmed .( ITA No. 187/2018 dt 16-02-2018)

S. 14A : Disallowance of expenditure-Exempt income-In the absence of any exempt income- No disallowance can be made. [R. 8D]

In the absence of any exempt income, no  disallowance is permissible (CIT v. Essar Teleholdings Ltd.  (2018) 401 ITR 445 (SC) followed, Cheminvest  Ltd. v. CIT (2015)  378 ITR 33 (Delhi)(HC) approved). (SLP No.2755/2019, dt. 16.02.2018)

One comment on “PCIT v. Oil Industries Development Board (2019) 262 Taxman 102 (SC), www.itatonline.org Editorial : PCIT v. Oil Industries Development Board (2019) 103 taxmann.com 325 (Delhi)(HC) is affirmed .( ITA No. 187/2018 dt 16-02-2018)”
  1. Laxman Solanki says:
    October 18, 2019 at 2:33 pm

    Pls send me email of this case for my study purpose