rule 8d

Judgments on rule 8d

• Olympia Builders Pvt.Ltd. vs CIT(A) NFAC, Delhi — ITAT, 2025
  Disallowance of expenditure on an estimated basis does not automatically equate to under-reporting of income for penalty under Section 270A.
• M/s Daga Global Chemicals Pvt. Ltd. vs Asst. Commissioner Income Tax-9(1) — ITAT, 2015
  Disallowance under Section 14A r.w. Rule 8D cannot exceed the exempt income received.
• M/s ISGEC Heavy Engineering Limited vs The ITO — ITAT, 2023
  The imposition of penalty under Section 271(1)(c) requires a clear finding of concealment or furnishing of inaccurate particulars, which was absent in this case.
• M/s. Goldman Sachs Services Pvt. Ltd. vs Joint Commissioner of Income Tax — ITAT, 2020
  Disallowance under section 14A is not applicable if no exempt income is earned during the assessment year.
• DCIT vs Lemon Tree Hotels (P) Ltd. — ITAT,
  Disallowance under Section 14A cannot exceed the exempt income earned, and Section 50C applies only when the sale consideration is less than the value assessed by the Stamp Valuation Authority.
• Maxopp Investment Ltd vs Commissioner of Income Tax, New Delhi — SC,
  Section 14A mandates the disallowance of expenditure incurred in relation to exempt income, applying the principle of apportionment.
• Godrej & Boyce Manufacturing Company Limited vs Dy. Commissioner of Income-Tax & Anr. — SC,
  Section 14A applies to dividend income on which tax is payable under Section 115-O, disallowing deduction of expenditure incurred in earning such income.