{"id":20622,"date":"2021-07-26T13:53:28","date_gmt":"2021-07-26T08:23:28","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-hcl-comnet-systems-and-services-ltd-2021433-itr-251-delhi-hc\/"},"modified":"2021-07-26T13:53:28","modified_gmt":"2021-07-26T08:23:28","slug":"pcit-v-hcl-comnet-systems-and-services-ltd-2021433-itr-251-delhi-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-hcl-comnet-systems-and-services-ltd-2021433-itr-251-delhi-hc\/","title":{"rendered":"PCIT v. HCL Comnet Systems and Services Ltd. (2021)433 ITR 251 (Delhi) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that section\u00a014A\u00a0could only be invoked if the assessee had earned exempted income during the relevant assessment year, that the disallowance could be only to the extent of expenses in relation to earn exempted income and in interpreting Circular No. 5 of 2014 ([2014] 361 ITR (St.) 94) of the Central Board of Direct Taxes which clarified the true scope and meaning of section\u00a014A.(AY.2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure-Exempt income-Only to the extent of expenses incurred  in relation to 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-20622","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5mC","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20622","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=20622"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20622\/revisions"}],"predecessor-version":[{"id":20623,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20622\/revisions\/20623"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}