{"id":16812,"date":"2021-04-16T12:47:25","date_gmt":"2021-04-16T07:17:25","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pentamedia-graphics-ltd-v-dcit-2020-80-itr-555-185-itd-45-190-dtr-391-205-ttj-892-chennaitrib\/"},"modified":"2021-04-16T12:47:25","modified_gmt":"2021-04-16T07:17:25","slug":"pentamedia-graphics-ltd-v-dcit-2020-80-itr-555-185-itd-45-190-dtr-391-205-ttj-892-chennaitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pentamedia-graphics-ltd-v-dcit-2020-80-itr-555-185-itd-45-190-dtr-391-205-ttj-892-chennaitrib\/","title":{"rendered":"Pentamedia Graphics Ltd. v. DCIT (2020) 80 ITR 555\/185 ITD 45\/190 DTR 391\/205 TTJ 892 (Chennai)(Trib.)"},"content":{"rendered":"<p>During year under consideration, assessee made investments in foreign companies from which dividend income was received\u00a0 which was taxable. Assessee contended that\u00a0 investments in foreign companies be excluded while applying\u00a0 the provision of section 14A\u00a0 and also contended that investments in Indian companies from which no dividend income was received during year be excluded while computing disallowance of expenditure. The AO disallowed expenses invoking rule 8D(2)(iii) by applying 0.5 per cent of average investment.\u00a0 Tribunal held that investments in Indian companies which did not yield exempt income during year could not be included while computing disallowance of expenditure. Matter remanded.\u00a0 (AY. 2007-08, 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure-Exempt income-Investments in Indian companies which did not yielded exempt dividend income-Excluded while computing disallowance. [R. 8D(2)(iii)]<\/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":[21,1],"tags":[],"class_list":["post-16812","post","type-post","status-publish","format-standard","hentry","category-income-tax-act","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4na","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16812","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=16812"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16812\/revisions"}],"predecessor-version":[{"id":16813,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16812\/revisions\/16813"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=16812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=16812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=16812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}