High Court dismisses appeal on disallowance of interest & expenses under Section 14A Income Tax Act

The High Court of Calcutta dismissed the appeal regarding disallowance of interest and administrative expenses under Section 14A of the Income Tax Act, finding no exempt income justifying the disallowance. ITAT 100 of 2014 and GA 2122 of 2014 were dismissed, with no costs awarded.

---

---

The High Court of Calcutta dismissed the appeal regarding disallowance of interest and administrative expenses under Section 14A of the Income Tax Act. The court found no exempt income justifying the disallowance. ITAT 100 of 2014 and GA 2122 of 2014 were dismissed, and no costs were awarded.

---