https://www.taxtmi.com/caselaws?id=756429 Disallowance under section 14A was challenged with reference to the assessee's voluntary disallowance and the applicability of CBDT Circular No. 5/2014. The Karnataka HC had sustained the Tribunal's order setting aside the disallowance and had answered the question of law in favour of the assessee. At the SC stage, however, the Special Leave Petition was filed with a 340-day delay and no explanation was found for the delay; condonation was refused and the SLP was dismissed on that ground, leaving the question of law open. en-us Mon, 22 Jul 2024 00:00:00 +0530 Mon, 04 May 2026 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756429 Disallowance under section 14A was challenged with reference to the assessee's voluntary disallowance and the applicability of CBDT Circular No. 5/2014. The Karnataka HC had sustained the Tribunal's order setting aside the disallowance and had answered the question of law in favour of the assessee. At the SC stage, however, the Special Leave Petition was filed with a 340-day delay and no explanation was found for the delay; condonation was refused and the SLP was dismissed on that ground, leaving the question of law open. Case-Laws Income Tax Mon, 22 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756429