{"id":50961,"date":"2025-02-08T16:28:51","date_gmt":"2025-02-08T10:58:51","guid":{"rendered":"https:\/\/itatonline.org\/digest\/crisil-ltd-v-add-cit-2024112-itr-56-mumtrib-2\/"},"modified":"2025-02-08T16:28:51","modified_gmt":"2025-02-08T10:58:51","slug":"crisil-ltd-v-add-cit-2024112-itr-56-mumtrib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/crisil-ltd-v-add-cit-2024112-itr-56-mumtrib-2\/","title":{"rendered":"Crisil Ltd. v. Add. CIT (2024)112 ITR 56 (Mum)(Trib)"},"content":{"rendered":"<p>Held, that the Assessing Officer has to make disallowances based on the settled position of law that the disallowance under section\u00a014A\u00a0is \u00a0to be restricted only to the extent of exempt income earned and the investments to be considered for making disallowances were only on those investments which had actually earned the dividend. The Assessing Officer was directed to re-work disallowance under section\u00a014A\u00a0under rule\u00a08D(2)(iii)\u00a0by adopting only those investments which had yielded exempt income. <strong>\u00a0<\/strong>(AY. 2008-09 to 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.14A : Disallowance of expenditure-Exempt income-Disallowance  is to be restricted to exempt income earned and only investments which had actually earned dividend to be considered for disallowance. [R.8D(2)(iii)]  <\/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-50961","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dfX","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50961","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=50961"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50961\/revisions"}],"predecessor-version":[{"id":50962,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50961\/revisions\/50962"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=50961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=50961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=50961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}