2018 (8) TMI 1429 - SCH - Income Tax

Disallowance u/s 14A - AO applied the formula indicated in Rule 8D (ii) & (iii) of the Income Tax Rules - CIT (A) granted partial relief after analysing the decision but upholding the rejection of the disallowance by the AO offered by the assessee. The ITAT in the impugned judgment granted complete relief to the assessee - Held that - We do not find any merit in this petition - The Special Leave Petition is accordingly dismissed.

Summary

The Supreme Court of India, in the case of 2018 (8) TMI 1429 - SC, dismissed the Special Leave Petition as they did not find any merit in it. The delay was condoned, and pending applications were disposed of.