No section 14A disallowance if there is no exempt income: ITAT grants relief to Tata Sky [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while upholding the order of CIT(A) held that if there is no exempt income then no disallowance of expenditure under section 14A of the Act can be made. The assessee, Tata Sky Limited has given a discount on the sale of Set-top Boxes and Recharge Coupon Vouchers, […]

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