{"id":41674,"date":"2024-04-26T10:05:54","date_gmt":"2024-04-26T04:35:54","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-ltu-v-tamilnadu-petroproducts-ltd-2023-103-itr-92-sn-chennaitrib\/"},"modified":"2024-04-26T10:05:54","modified_gmt":"2024-04-26T04:35:54","slug":"acit-ltu-v-tamilnadu-petroproducts-ltd-2023-103-itr-92-sn-chennaitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-ltu-v-tamilnadu-petroproducts-ltd-2023-103-itr-92-sn-chennaitrib\/","title":{"rendered":"ACIT (LTU) v. Tamilnadu Petroproducts Ltd. (2023) 103 ITR 92 (SN) (Chennai)(Trib)"},"content":{"rendered":"<p>Held that\u00a0 the assessee has not earned any exempt income during the year and therefore, in absence of any exempt income disallowance under section 14A was uncalled for. PCIT v Era Infrastructure (India) Pvt Ltd(2022))\u00a0 141 Taxmann.Com 289 (Delhi)(HC) \u00a0(AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure-Exempt income-No exempt income \u2013 Disallowance cannot be made-Amendment made by Finance Act, 2022 to section 14A by inserting a non-obstante clause and Explanation will take effect from 1-4-2022 and cannot be presumed to have retrospective effects.[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-41674","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aQa","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41674","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=41674"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41674\/revisions"}],"predecessor-version":[{"id":41675,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/41674\/revisions\/41675"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=41674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=41674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=41674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}