{"id":2255,"date":"2018-09-06T10:18:21","date_gmt":"2018-09-06T10:18:21","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-ballapur-industries-ltd-bomhcwww-itatonline-org\/"},"modified":"2018-09-06T10:18:21","modified_gmt":"2018-09-06T10:18:21","slug":"pcit-v-ballapur-industries-ltd-bomhcwww-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-ballapur-industries-ltd-bomhcwww-itatonline-org\/","title":{"rendered":"PCIT v. Ballapur Industries Ltd.(Bom)(HC),www.itatonline.org"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that ; The expression \u201cdoes not form part of the total income\u201d in S. 14A envisages that there should be an actual receipt of the income, which is not includible in the total income. If no exempt income is received or receivable during the relevant previous year, no disallowance\u00a0 can be made .Followed Chem Invest Ltd v. CIT ( 2015) 378 ITR 33 ( Delhi) (HC) ( 749 \/2014 \u00a0dt. 22-09-2015)( ITA No. 51 of 2016, dt. 13.10.2016)\u00a0<\/p>\n<p><strong>[Click here to download PDF file]<\/strong><a href=\"http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Ballarpur-14A-Rule-8D-Exempt-Income.pdf\">http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Ballarpur-14A-Rule-8D-Exempt-Income.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure &#8211; Exempt income -The expression \u201cdoes not form part of the total income\u201d in S. 14A envisages that there should be an actual receipt of the income, which is not includible in the total income- If no exempt income is received or receivable during the relevant previous year, no disallowance  can be made [ 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":[1],"tags":[],"class_list":["post-2255","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-An","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2255","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=2255"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2255\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}