{"id":16160,"date":"2021-03-31T13:24:58","date_gmt":"2021-03-31T07:54:58","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-kingfisher-finvest-india-ltd-2021-276-taxman-128-karn-hc\/"},"modified":"2021-10-09T16:11:03","modified_gmt":"2021-10-09T10:41:03","slug":"cit-v-kingfisher-finvest-india-ltd-2021-276-taxman-128-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-kingfisher-finvest-india-ltd-2021-276-taxman-128-karn-hc\/","title":{"rendered":"CIT v. Kingfisher Finvest India Ltd. (2021)  434 ITR 150\/276 Taxman 128 \/ 202 DTR 361\/ 321 CTR 448(Karn.)(HC)"},"content":{"rendered":"<p>Disallowance is held to be justified even though the assessee has not earned any exempt income.\u00a0 Referred Circulars and Notifications\u00a0Circular No. 5\/2014, dated 11-2-2014. Followed CIT v. Essar Teleholdings Ltd (2018) 401 ITR 445 (SC), Maxopp Investment Ltd. v. CIT (2018) 402 ITR 640 (SC) (AY. 2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure-Exempt income-Disallowance is held to be justified even though the assessee has not earned any exempt income. [R. 8D] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-16160","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4cE","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=16160"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16160\/revisions"}],"predecessor-version":[{"id":22297,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16160\/revisions\/22297"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=16160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=16160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=16160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}