https://www.taxtmi.com/caselaws?id=256006 ITAT DELHI - AT upheld the CIT(A)'s deletion of a section 14A disallowance, finding the assessee's investments in subsidiaries were strategic for running hotels, not made to earn exempt dividends; since the subsidiaries were located outside India any dividend would not have been exempt, the disallowance was dismissed and decided in favour of the assessee. The Tribunal also upheld deletion of a disallowance denying depreciation on the World Trade Centre and World Trade Tower, allowing depreciation as in prior assessment years. en-us Mon, 29 Dec 2014 00:00:00 +0530 Mon, 27 Oct 2025 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256006 ITAT DELHI - AT upheld the CIT(A)'s deletion of a section 14A disallowance, finding the assessee's investments in subsidiaries were strategic for running hotels, not made to earn exempt dividends; since the subsidiaries were located outside India any dividend would not have been exempt, the disallowance was dismissed and decided in favour of the assessee. The Tribunal also upheld deletion of a disallowance denying depreciation on the World Trade Centre and World Trade Tower, allowing depreciation as in prior assessment years. Case-Laws Income Tax Mon, 29 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256006