Mala Madhukar Parekh, Mumbai vs Assessee
- CitationI.T.A. No.2484/Mum/2013
Ratio decidendi
The rule this decision rests on
The disallowance under section 14A read with Rule 8D cannot be sustained where the assessee has not claimed any expenditure in computing her income; section 14A operates only on expenditure that the assessee is entitled to claim, so in the absence of any such claim there is no expenditure capable of disallowance and the disallowance must be deleted.
Written by Miss Lucy from the judgment below, not taken from a headnote.
Judgment
As delivered
सव[ौी बी.आर बी आर. आर बाःकरण, बाःकरण लेखा सदःय एवं संजय गग[ Ûयाियक सदःय के सम¢ BEFORE SHRI B.R. BASKARAN, ACCOUNTANT MEMBER AND
SHRI SANJAY GARG,JUDICIAL MEMBER
आयकर अपील सं./I.T.A. No.2484/Mum/2013 िनधा[रण वष[ / Assessment Year :2009-10) (िनधा[
Smt. Mala बनाम/ बनाम Income tax Officer Madhukar Parekh Vs. Ward-12(3)(1) nd 2 Floor, Mafatlal Aayakar Bhavan House, Backbay Mumbai-20. Reclamation, Mumbai-400 020. ᭭थायी ले खा सं . /जीआइआर सं . /PAN/GIR No. : AADPP 2253 K (अपीलाथᱮ /Appellant) .. (ᮧ᭜यथᱮ / Respondent)
अपीलाथᱮ कᳱ ओर से / Shri Anuj Kisnadwala-CA Appellant by : ᮧ᭜यथᱮ कᳱ ओर Shri Asghar Zain-Sr. AR से/Respondent by :
सुनवाई कᳱ तारीख / Date of Hearing : 12/01/2015 घोषणा कᳱ तारीख /Date of 12/01/2015 Pronouncement : आदे श / O R D E R
Per Sanjay Garg, Judicial Member:
The present appeal has been preferred by the assessee against the order of ld. CIT(A) dated 01/01/2013. The issue involved in the present appeal is relating to disallowance made by the lower authorities u/s. 14A r.w.r. 8D of the Income tax Rules.
2 ITA No.2484/M/2013 2. At the outset the ld. AR of the assessee has submitted that the assessee in her computation of income had not claimed any expenditure. Hence, there was no question of disallowance of expenditure even u/s. 14A of the Act. We agree with the submissions of the ld. AR. The question of disallowance of expenditure will only arise, if an expenditure may be claimed by the assessee. Where no expenditure has been claimed under any head of income shown by the assessee earned from different sources, there cannot be question of disallowance of expenditure. Therefore, the disallowance made by the lower authorities u/s. 14A is ordered to be deleted.
3. In the result, appeal is allowed.
Order pronounced in the open court on 12/01/2015. आदे श कȧ धोषणा खुले Ûयायालय मɅ Ǒदनांकः को कȧ गई ।
Sd/- Sd/- (B.R. BASKARAN) (SANJAY GARG ) लेखा सदःय / ACCOUNTANT MEMBER Ûयाियक सदःय/JUDICIAL MEMBER मुंबई Mumbai; Ǒदनांक Dated 12 /01/2015 व.िन.स./ Jv , Sr. PS 3 ITA No.2484/M/2013
आदे श कȧ ूितिलǒप अमेǒषत/Copy षत of the Order forwarded to : 1. अपीलाथȸ / The Appellant 2. ू×यथȸ / The Respondent.
3. आयकर आयुƠ(अपील) / The CIT(A)-
4. आयकर आयुƠ / CIT
5. ǒवभागीय ूितिनिध, आयकर अपीलीय अिधकरण, मुंबई / DR, ITAT, Mumbai
6. गाड[ फाईल / Guard file.
आदे शानुसार/ ार BY ORDER, स×याǒपत ूित //True Copy// उप/सहायक उप सहायक पंजीकार (Dy./Asstt. Registrar) आयकर अपीलीय अिधकरण, अिधकरण मुंबई / ITAT, Mumbai.
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