https://www.taxtmi.com/caselaws?id=770155 ITAT Hyderabad upheld CIT(A)'s deletion of disallowance u/s 14A as assessee earned no exempt dividend income during the year, making section 14A inapplicable. However, following SC decision in Checkmate Services, addition for belated PF contribution payment was restored against assessee. Regarding revision u/s 263, ITAT quashed Pr. CIT's order, holding that AO's assessment was not erroneous merely due to discrepancy in P&L accounts without conclusive findings on taxability and revenue loss. Assessee's appeal was allowed. en-us Wed, 22 Jan 2025 00:00:00 +0530 Mon, 14 Jul 2025 10:57:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770155 ITAT Hyderabad upheld CIT(A)'s deletion of disallowance u/s 14A as assessee earned no exempt dividend income during the year, making section 14A inapplicable. However, following SC decision in Checkmate Services, addition for belated PF contribution payment was restored against assessee. Regarding revision u/s 263, ITAT quashed Pr. CIT's order, holding that AO's assessment was not erroneous merely due to discrepancy in P&L accounts without conclusive findings on taxability and revenue loss. Assessee's appeal was allowed. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770155