2019 (2) TMI 1215 - SCH - Income Tax

Disallowance u/s 14A - application of Rule 8D(2)(ii) - AO had fallen into error in overlooking that the assessee had deployed its own substantial part of funds to derive a tax exempt income - HELD THAT - As examined the facts of this case we are not inclined to entertain this petition. The Special Leave Petition is dismissed. Pending application(s), if any, stands disposed of accordingly.

Summary

The Supreme Court dismissed the Special Leave Petition after examining the case facts. Delay was condoned and pending applications were disposed of accordingly.