Delhi HC Upholds ITAT Decision on Section 14A Disallowance

The Delhi HC dismissed Revenue's appeal against ITAT's order rejecting disallowance under Section 14A of the Income Tax Act for AY 2008-09. ITAT disallowed a higher amount than the assessee's Rs. 2,28,777. The Court upheld ITAT's decision based on previous judgments on Section 14A.

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The Delhi High Court dismissed the Revenue's appeal against the ITAT order rejecting disallowance under Section 14A of the Income Tax Act for AY 2008-09. The ITAT rejected the disallowance of Rs. 2,28,777 made by the assessee and instead disallowed a higher amount. The Court upheld the ITAT decision citing previous judgments on Section 14A.

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