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Documents citing The Pr. Commissioner Of Income Tax -18 vs Oil Industry Development Board on 21 November, 2022

Dcit, Lucknow vs M/S U.P. State Sugar Corporation Ltd., ... on 16 May, 2025

It may be mentioned that Revenue's SLP on this issue, against order of Hon'ble Delhi High Court was dismissed by Hon'ble Supreme Court in Pr.CIT vs. Oil Industry Development Board [2019] 103 taxmann.com 326 (SC). In view of the foregoing precedence of various High Courts, including that of Hon'ble jurisdictional High Court, it is held that no disallowance can be made u/s 14A of the Act when there is no exempt income earned by the assessee.
Income Tax Appellate Tribunal - Lucknow Cites 23 - Cited by 0 - Full Document

Dcit, Lucknow vs M/S U.P. State Sugar Corporation Ltd., ... on 16 May, 2025

It may be mentioned that Revenue's SLP on this issue, against order of Hon'ble Delhi High Court was dismissed by Hon'ble Supreme Court in Pr.CIT vs. Oil Industry Development Board [2019] 103 taxmann.com 326 (SC). In view of the foregoing precedence of various High Courts, including that of Hon'ble jurisdictional High Court, it is held that no disallowance can be made u/s 14A of the Act when there is no exempt income earned by the assessee.
Income Tax Appellate Tribunal - Lucknow Cites 23 - Cited by 0 - Full Document

U.P. State Sugar Corporation ... vs Dcit, Range-Vi, Lucknow on 16 May, 2025

It may be mentioned that Revenue's SLP on this issue, against order of Hon'ble Delhi High Court was dismissed by Hon'ble Supreme Court in Pr.CIT vs. Oil Industry Development Board [2019] 103 taxmann.com 326 (SC). In view of the foregoing precedence of various High Courts, including that of Hon'ble jurisdictional High Court, it is held that no disallowance can be made u/s 14A of the Act when there is no exempt income earned by the assessee.
Income Tax Appellate Tribunal - Lucknow Cites 23 - Cited by 0 - Full Document

Dcit, Range-6, Lucknow vs M/S. U.P. State Sugar Corporation ... on 16 May, 2025

It may be mentioned that Revenue's SLP on this issue, against order of Hon'ble Delhi High Court was dismissed by Hon'ble Supreme Court in Pr.CIT vs. Oil Industry Development Board [2019] 103 taxmann.com 326 (SC). In view of the foregoing precedence of various High Courts, including that of Hon'ble jurisdictional High Court, it is held that no disallowance can be made u/s 14A of the Act when there is no exempt income earned by the assessee.
Income Tax Appellate Tribunal - Lucknow Cites 23 - Cited by 0 - Full Document

Dcit, Lucknow vs M/S U.P. State Sugar Corporation Ltd., ... on 16 May, 2025

It may be mentioned that Revenue's SLP on this issue, against order of Hon'ble Delhi High Court was dismissed by Hon'ble Supreme Court in Pr.CIT vs. Oil Industry Development Board [2019] 103 taxmann.com 326 (SC). In view of the foregoing precedence of various High Courts, including that of Hon'ble jurisdictional High Court, it is held that no disallowance can be made u/s 14A of the Act when there is no exempt income earned by the assessee.
Income Tax Appellate Tribunal - Lucknow Cites 23 - Cited by 0 - Full Document

Saurashtra Cement Limited,Porbandar vs The Principal Commissioner Of Income ... on 8 January, 2026

In this regard, we place reliance on the decision of Pr. CIT v. Oil Industry Development Board [2019] 103 taxmann.com 326/262, Taxman 102 (SC), wherein the Hon'ble Supreme Court confirmed the decision of the Delhi High Court in Oil Industry Development Board's case, wherein it was held that no disallowance u/s. 14A could be made in the absence of any exempt income.
Income Tax Appellate Tribunal - Rajkot Cites 14 - Cited by 0 - Full Document

Acit Circle 15(1)(2), Mumbai vs Hitech Corporation Limited, Mumbai on 29 April, 2026

4. Before us, ld. Counsel for the assessee referred to the audited financial statement forming part of paper book to evidently demonstrate that there is no exempt income earned and reported by the assessee for the year under consideration. He placed reliance on the decision of Hon'ble Supreme Court in the case of Oil Industry Development Board (supra) as well as on the decision of Cheminvest Ltd. (supra) which squarely covers the case of the assessee, according to which section 14A will not apply if no exempt income is received during the year relevant to the previous year, by the assessee.
Income Tax Appellate Tribunal - Mumbai Cites 26 - Cited by 0 - Full Document

Hitech Corporation Limited ,Mumbai vs Dcit, 10(3), Mumbai on 29 April, 2026

4. Before us, ld. Counsel for the assessee referred to the audited financial statement forming part of paper book to evidently demonstrate that there is no exempt income earned and reported by the assessee for the year under consideration. He placed reliance on the decision of Hon'ble Supreme Court in the case of Oil Industry Development Board (supra) as well as on the decision of Cheminvest Ltd. (supra) which squarely covers the case of the assessee, according to which section 14A will not apply if no exempt income is received during the year relevant to the previous year, by the assessee.
Income Tax Appellate Tribunal - Mumbai Cites 26 - Cited by 0 - Full Document
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