TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>India's SC Dismisses Review Petition for Delayed Filing</h1> <h3>COMMISSIONER OF INCOME TAX (CENTRAL) 1 Versus M/s CHETTINAD LOGISTICS PVT. LTD.</h3> The SC of India dismissed a Review Petition due to a 324-day delay in filing, with no satisfactory explanation and lack of merit. - COMMISSIONER OF INCOME ... Disallowance u/s 14A - as per Revenue he could disallow the expenditure even there is no income i.e., dividend by taking recourse to Rule 8D - as decided by HC there is no dispute that no income i.e., dividend, which did not form part of total income of the Assessee was earned in the relevant assessment year and the addition made by by relying upon Section 14 A was completely contrary to the provisions of the said Section. HELD THAT:- There is delay of 324 days in filing the Review Petition for which no satisfactory explanation has been given. Even otherwise, we do not find any merit in the Review Petition. The Review Petition is dismissed on the ground of delay as well as merits. Summary: The Supreme Court of India dismissed a Review Petition due to a delay of 324 days in filing with no satisfactory explanation and lack of merit.
TaxTMI 
