{"id":58088,"date":"2026-01-08T13:18:02","date_gmt":"2026-01-08T07:48:02","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-ltu-v-reliance-industries-ltd-2024-161-taxmann-com-423-bom-hc\/"},"modified":"2026-01-08T13:18:02","modified_gmt":"2026-01-08T07:48:02","slug":"cit-ltu-v-reliance-industries-ltd-2024-161-taxmann-com-423-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-ltu-v-reliance-industries-ltd-2024-161-taxmann-com-423-bom-hc\/","title":{"rendered":"CIT, (LTU) v. Reliance Industries Ltd. [2024] 161 taxmann.com 423 (Bom.)(HC)"},"content":{"rendered":"<p>The High Court held that where the AO did not provide any reasons for his dissatisfaction with the assessee&#8217;s suo motu disallowance under Section 14A, the Tribunal was justified in restricting the disallowance to 0.5 per cent of the exempt income.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Expenditure in relation to exempt income-AO\u2019s satisfaction-Disallowance without recording reasons for dissatisfaction with assessee&#8217;s suo motu disallowance is invalid-Order of Tribunal affirmed.[S. 260A, 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-58088","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-f6U","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58088","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=58088"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58088\/revisions"}],"predecessor-version":[{"id":58089,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58088\/revisions\/58089"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=58088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=58088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=58088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}