Section 14A

A time barred order u/s 263 is bad in law.

Begani Dyeing Mills Pvt.Ltd., Surat v. The Pr.CIT., Surat Facts of the caseThe case of the assessee was selected for scrutiny through CASS and accordingly original assessment in case of assessee was completed u/s....

Understanding the Complex Section 14A of the Income Tax Act, 1961.

Introduction Section 14A was inserted by Finance Act, 2001 having a retrospective effect from 01.04.1962. To understand the reason behind the insertion of section 14A, the relevant part of memorandum of Finance Act, 2001 is...

Do you need to disallow expense as per Section 14A of Income Tax Act even if you have sufficient interest free funds?

Judgement of High Court of Gujarat in case of PCIT vs. Sintex Industries Ltd . Further SLP dismissed by SC. Facts of the case: In A.Y. 2009-10, the assessee had earned dividend income amounting to...

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