Dismissed
Principal Commissioner of Income TAXDELHI-05, v. M/S. Living Media India Ltd.
Delhi HCITA/352/2018
Case brief
AI extract
What is this about?
The Income Tax Appellate Tribunal and lower authorities were justified in disallowing deductions under Section 14A when the assessee utilized its own funds to generate tax-exempt income. The Revenue appeal was dismissed.
What did the court decide?
The appeal raising the question on the disallowance under Section 14A of the Income Tax Act was dismissed.