{"id":44746,"date":"2024-08-01T10:51:28","date_gmt":"2024-08-01T05:21:28","guid":{"rendered":"https:\/\/itatonline.org\/digest\/citrus-check-inns-ltd-v-dy-cit-2023106-itr-103-snmum-trib\/"},"modified":"2024-08-01T10:51:28","modified_gmt":"2024-08-01T05:21:28","slug":"citrus-check-inns-ltd-v-dy-cit-2023106-itr-103-snmum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/citrus-check-inns-ltd-v-dy-cit-2023106-itr-103-snmum-trib\/","title":{"rendered":"Citrus Check Inns Ltd. v. Dy. CIT (2023)106 ITR 103 (SN)(Mum) (Trib)"},"content":{"rendered":"<p>Held, that since during the year, no dividend income was received from the investments made by the assessee and thus, no exemption was claimed under section\u00a010(34)\u00a0of the Act while filing the return of income, disallowance of expenditure under section\u00a014A\u00a0read with rule\u00a08D\u00a0was not sustainable. The amendment by the\u00a0Finance Act, 2022\u00a0, in section\u00a014A\u00a0was prospective and would apply in relation to the assessment year 2022-23 and subsequent assessment years.(AY.2012-13 to 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S .14A: Disallowance of expenditure-Exempt income-No dividend income received during year and no exemption claimed-Disallowance not sustainable-Amendment by Finance Act, 2022 . 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-44746","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bDI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44746","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=44746"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44746\/revisions"}],"predecessor-version":[{"id":44747,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44746\/revisions\/44747"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=44746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=44746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=44746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}