{"id":9391,"date":"2020-02-02T12:24:23","date_gmt":"2020-02-02T12:24:23","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-morgan-stanley-india-securities-p-ltd-bom-hc-ur\/"},"modified":"2020-02-02T12:24:23","modified_gmt":"2020-02-02T12:24:23","slug":"pcit-v-morgan-stanley-india-securities-p-ltd-bom-hc-ur","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-morgan-stanley-india-securities-p-ltd-bom-hc-ur\/","title":{"rendered":"PCIT v .Morgan Stanley India Securities P Ltd ( Bom) (HC) (UR)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that\u00a0 When there is no exempt income declared during the year no disallowance can be made .\u00a0 Followed CIT\u00a0 v. Delite Enterprises\u00a0 ITA No\u00a0 110 of 2009 dt 26.2.2009\u00a0 (Bom) (HC) CIT \u00a0v. India Debt Management Pvt Ltd ITA No 266 of 201 dt\u00a0 15.4.2019 (Bom) (HC) \u00a0\u00a0( ITA\u00a0 No 114\/Mum\/2013 and Cross-objection No. 215\/Mum\/2015 dt 5-01 2017 . (ITA No 1701 of 2017 dt 21-1-2020) (AY.2008 -09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure &#8211; Exempt income \u2013 When there is no exempt income declared during the year no disallowance can be made .[ R.8D(2) (ii) ]<\/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":[1],"tags":[],"class_list":["post-9391","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2rt","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9391","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=9391"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9391\/revisions"}],"predecessor-version":[{"id":9392,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9391\/revisions\/9392"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}