Sec. 14A not applicable if dividend income was exempt by applying DTAA provisions: Delhi ITAT

IT/ILT : Where assessee, Indian company, earned exempt dividend income on investment made in Oman, it was chargeable to tax in India under head 'Income from other sources' and would form part of total income; rebate of taxes had to be allowed from total taxes in terms of section 90(2), read with article 25 of Indo-Oman DTAA, and, consequently, provisions of section 14A were not applicable to dividend so received

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