Tag Archive: 14A

Question: Whether penalty imposed under section 270A is to quashed when AO as well as assessee has used the same details to arrive at different conclusions i.e. differing quantum of disallowances under section 14A of the Act. High Court of Delhi decided on this issue on May 31, 2022.

Question: Whether penalty imposed under section 270A is to quashed when AO as well as assessee has used the same details to arrive at different conclusions i.e. differing quantum of disallowances under section 14A of the Act. High Court of…
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14A, 270AA, AY 2018-19, Delhi, Delhi High Court, In Favour of Assessee

September 14, 2022

ITAT AHMEDABAD held on Mar 2, 2020 that when assessee has not made ‎any claim for exemption of any income from the payment of tax, therefore, there ‎cannot be any disallowance u/s.14A of the Act

ITAT AHMEDABAD held on Mar 2, 2020 that when assessee has not made any claim for exemption of any income from the payment of tax, therefore, there cannot be any disallowance u/s.14A of the Act SHRAVANKUMAR GISULAL JAIN vs….
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14A, Ahmedabad Tribunal, AY 2012-13, In Favour of Assessee