Revenue appealed against the Tribunal's order in A.Y. 2000-01 regarding Section 14A disallowance. The court found the question lacked a substantial question of law as it was not entertained in a related appeal and dismissed the appeal. No order as to costs.
The appeal is dismissed. No order as to costs.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
731-14-itxa=.doc
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 731 OF 2014
Director of Income Tax (IT)-1, Mumbai
Mumbai .. Appellant v/s. M/s. SocieteGenerale Maker Chambers-IV, Mumbai .. Respondent
Mr. Tejveer Singh for the appellant Mr. Jitendra Singh for the respondent
CORAM : M.S. SANKLECHA & G.S.KULKARNI, J.J.th OCTOBER, 2016.
P.C.
(i) Whether on the facts and in the circumstances of the case and in law, the Tribunal erred in holding that no disallowance of interest u/s 14A needs to be made even when the assessee has not been able to establish nexus between any available interest free self funds and the investments made in tax free G. Sec.
1 of 2
Uday S. Jagtap
731-14-itxa=.doc
Bonds?
(G.S. KULKARNI, J.) (M.S. SANKLECHA, J.)
2 of 2
Uday S. Jagtap
1 issue framed by the court
Whether the Tribunal erred in holding that no disallowance of interest u/s 14A needs to be made even when the assessee has not established nexus between interest free self funds and tax free G. Sec. b
2 provisions across 1 enactments
Director of Income Tax (IT)-1, Mumbai
M/s. Societe Generale Maker Chambers-IV, Mumbai
M.S. Sanklecha
G.S. Kulkarni
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
