Pr. CIT v. State Bank of Patiala

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The Tax Publishers2019 TaxPub(DT) 0976 (SC)

INCOME TAX ACT, 1961

Section 14A

Where the department/preferred SLP to appeal against the judgment of Punjab and Haryana High Court in Pr. CIT v. State Bank of Patiala [ITA No. 359 of 2017, dt. 14-11-2017], whereby the High Court following (2017) 393 ITR 476 (P&H) held that the Tribunal was right in deleting the addition on account of apportionment of expenses against exempted income under section 14A of the Act read with rule 8D of the Rules the Supreme Court dismissed the SLP.

Appeal (Supreme Court) - Special leave petition - Income - Disallowance of expenses in relation to exempt income

Department preferred SLP to appeal against the judgment of the Punjab and Haryana High Court in Pr. CIT v. State Bank of Patiala [ITA No. 359 of 2017, dt. 14-11-2017], whereby the High Court following (2017) 393 ITR 476 (P&H) held that the Tribunal was right in deleting the addition on account of apportionment of expenses against exempted income under section 14A of the Act read with rule 8D of the Rules.Held: The Supreme Court dismissed the SLP.

REFERRED :

FAVOUR : SLP dismissed.

A.Y. :

IN THE SUPREME COURT OF INDIA