1. COMMISSIONER OF INCOME TAX Vs. PNB FINANCE & INDUSTRIES LTD., ITA No.1759 of 2010, Decision Delivered On: 15th November, 2010, HIGH COURT OF DELHI
Provison to Section 14A specifically bars any such reassessment under Section 147 prior to the Assessment Year 2002-03
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2. MINDA INVESTMENTS LTD., Vs. DCIT, CIRCLE 6(1), NEW DELHI, I.T.A. NO. 4046/DEL/2009 FOR A.Y. : 2006-07, DATE OF ORDER : DATE 13/10/2010, INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH “E” NEW DELHI
For making disallowance u/s 14A required finding of incurring of expenditure and where it was found that for earning exempted income no expenditure had been incurred, disallowance under section 14A could not stand
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