Calcutta HC Upholds ITAT Order: No Relief for Revenue on Section 14A Disallowance for AY 2012-2013.

The HC of Calcutta dismissed the revenue's appeal under section 260A of the Income Tax Act, 1961, concerning the AY 2012-2013. The ITAT's order was upheld, as the issue of disallowance under section 14A had been clarified by prior judgments and amendments. The substantial questions of law were resolved against the revenue.

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The High Court of Calcutta dismissed the revenue's appeal under section 260A of the Income Tax Act, 1961. The appeal was against the order of the Income Tax Appellate Tribunal for the assessment year 2012-2013. The court found that the tribunal was justified in dismissing the appeal as the issue of disallowance under section 14A of the Act had been clarified by previous judgments and amendments. The appeal was dismissed, and the substantial questions of law were answered against the revenue.

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