https://www.taxtmi.com/caselaws?id=762614 The ITAT Delhi upheld the AO's disallowance under section 14A relating to expenditure for exempt dividend income, rejecting the assessee's suo moto disallowance claim. The tribunal found the AO's satisfaction requirement was adequately recorded and CIT(A)'s modification excluding non-exempt yielding investments was correct. Regarding TDS credit shortage, the AO was directed to implement first appellate order directions expeditiously. DDT credit issues were deemed administrative matters beyond ITAT's jurisdiction. The AO was ordered to consider foreign tax credit claims under sections 90/91 promptly. ESOP compensation expenses were allowed as revenue expenditure following coordinate bench precedent in assessee's earlier years. en-us Fri, 29 Nov 2024 00:00:00 +0530 Wed, 18 Dec 2024 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762614 The ITAT Delhi upheld the AO's disallowance under section 14A relating to expenditure for exempt dividend income, rejecting the assessee's suo moto disallowance claim. The tribunal found the AO's satisfaction requirement was adequately recorded and CIT(A)'s modification excluding non-exempt yielding investments was correct. Regarding TDS credit shortage, the AO was directed to implement first appellate order directions expeditiously. DDT credit issues were deemed administrative matters beyond ITAT's jurisdiction. The AO was ordered to consider foreign tax credit claims under sections 90/91 promptly. ESOP compensation expenses were allowed as revenue expenditure following coordinate bench precedent in assessee's earlier years. Case-Laws Income Tax Fri, 29 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762614