PRINCIPAL COMMISSIONER OF INCOME TAX,BHUBANESWAR vs. INDUSTRIAL DEVELOPMENT CORPORATION OF ORISSA LTD.
In the result, the appeal stands disposed of in terms of
ITA/33/2017HC Orissa14 Nov 2022
Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE MURAHARI SRI RAMAN
Section 115Section 115JSection 14Section 14ASection 260Section 45(2)
115
7
taxmann.Com
287(Karnataka)
has
considered
the
identical issue and has held as under:-
"9.
From perusal of Section 14A of the Act, it
is evident that for the purposes of computing the
total income under this chapter, no deduction
shall be allowed in respect of the expenditure
incurred by the assessee in relation of the
income which does
