DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1), CHANDIGARH vs. ASIA RESORTS PRIVATE LIMITED, CHANDIGARH
In the result, the appeal of the Revenue is dismissed
ITA 497/CHANDI/2023[2017-18]Status: DisposedITAT Chandigarh12 Mar 2026AY 2017-18
Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. MANOJ KUMAR AGGARWAL (Accountant Member)
For Appellant: Shri Parveen Kumar, CAFor Respondent: Shri Vivek Vardhan, Addl. CIT, Sr. DR
Section 14ASection 268A
disallowance irrespective of the fact whether any such income has been earned during the Financial year or not as confirmed by Apex court in Maxopp Investment Ltd. vs. CIT, 91 Taxman.com 154[SC).
4. That the Ld CIT(A) has erred in holding that disall0wance u/s 14A cannot be made where there is no exempt income, when Supreme Court
