Income Tax Act, 1961 with Section 14A

Supreme Court clarifies disallowance of interest under Section 14A of Income Tax Act for Banks: South Indian Bank Ltd. vs. Commissioner of Income Tax (2021)

/ Disallowance of Expenditure, Exempt Income, Hrishikesh Roy, Income Tax Act, 1961, Income Tax Act, 1961 with Section 14A, Judges, Sanjay Kishan Kaul

Supreme Court on Disallowance of Interest under Section 14A of Income Tax Act for Banks LEGAL ISSUE: Whether proportionate disallowance of interest paid by banks is required under Section 14A of the Income Tax Act for investments in tax-free bonds/securities when the banks have sufficient interest-free funds. CASE TYPE: Income Tax Case Name: South Indian […]

Supreme Court clarifies disallowance of interest under Section 14A of Income Tax Act for Banks: South Indian Bank Ltd. vs. Commissioner of Income Tax (2021) Read Post »

Supreme Court clarifies the requirements for valid notice under Section 143(2) of the Income Tax Act: Principal Commissioner of Income Tax vs. M/s I-Ven Interactive Limited (2019)

/ Income Tax Act, 1961, Income Tax Act, 1961 with Section 143(2), Income Tax Act, 1961 with Section 143(3), Income Tax Act, 1961 with Section 14A, Income Tax Assessment, Indira Banerjee, Judges, M.R. Shah, Notice Requirements, Taxation, Uday Umesh Lalit

Supreme Court Clarifies Notice Requirements under Section 143(2) of the Income Tax Act LEGAL ISSUE: Whether a notice issued under Section 143(2) of the Income Tax Act, 1961, is valid if sent to the address available in the PAN database, even if the assessee has changed their address and not updated it with the Income

Supreme Court clarifies the requirements for valid notice under Section 143(2) of the Income Tax Act: Principal Commissioner of Income Tax vs. M/s I-Ven Interactive Limited (2019) Read Post »

Supreme Court Clarifies Expenditure Disallowance Under Section 14A of Income Tax Act: Maxopp Investment Ltd. vs. Commissioner of Income Tax (2018)

/ A.K. Sikri, Ashok Bhushan, Income Tax Act, 1961, Income Tax Act, 1961 with Section 10(34), Income Tax Act, 1961 with Section 14A, Income Tax Act, 1961 with Section 36(1)(iii), Judges

Supreme Court Clarifies Expenditure Disallowance Under Section 14A of Income Tax Act: Maxopp Investment Ltd. vs. Commissioner of Income Tax (2018) LEGAL ISSUE: Interpretation of Section 14A of the Income Tax Act, 1961, regarding disallowance of expenditure related to exempt income. CASE TYPE: Income Tax Law. Case Name: Maxopp Investment Ltd. vs. Commissioner of Income

Supreme Court Clarifies Expenditure Disallowance Under Section 14A of Income Tax Act: Maxopp Investment Ltd. vs. Commissioner of Income Tax (2018) Read Post »

Scroll to Top