{"id":49963,"date":"2025-01-16T20:02:05","date_gmt":"2025-01-16T14:32:05","guid":{"rendered":"https:\/\/itatonline.org\/digest\/lakozy-motors-p-ltd-v-dy-cit-2024110-itr-19-sn-mumtrib-xchanging-technology-services-india-p-ltd-v-acit-2024110-itr-52-sndelhitrib\/"},"modified":"2025-01-16T20:02:05","modified_gmt":"2025-01-16T14:32:05","slug":"lakozy-motors-p-ltd-v-dy-cit-2024110-itr-19-sn-mumtrib-xchanging-technology-services-india-p-ltd-v-acit-2024110-itr-52-sndelhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/lakozy-motors-p-ltd-v-dy-cit-2024110-itr-19-sn-mumtrib-xchanging-technology-services-india-p-ltd-v-acit-2024110-itr-52-sndelhitrib\/","title":{"rendered":"Lakozy Motors P. Ltd. v. Dy. CIT (2024)110 ITR 19 (SN) (Mum)(Trib) Xchanging Technology Services India P. Ltd. v.ACIT (2024)110 ITR 52 (SN)(Delhi)(Trib)"},"content":{"rendered":"<p>Held that the amendment by the\u00a0Finance Act, 2022, by which a non obstante clause and Explanation were inserted in section\u00a014A\u00a0of the Act to the effect that the section shall apply even if no exempt income has accrued or arisen or has been received during the year, was prospective and will apply in relation to the assessment year\u00a02022-23\u00a0and subsequent assessment years. When\u00a0 no dividend income is earned\u00a0 from investments, no disallowance can be made<strong>.<\/strong><em>(<\/em>AY.2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.14A : Disallowance of expenditure-Exempt income-No dividend income earned  from investments-No disallowance can be made-The amendment by the Finance Act, 2022 is prospective in nature.   [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-49963","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cZR","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49963","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=49963"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49963\/revisions"}],"predecessor-version":[{"id":49964,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49963\/revisions\/49964"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=49963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=49963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=49963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}