2020 (7) TMI 224 - SCH - Income Tax

Addition u/s 14A r/w Rule 8D - no investment is made by the assessee in shares and securities (Mutual funds) out of interest bearing funds - HELD THAT - Petitioner, on instructions, issued by the Department of Revenue, Ministry of Finance vide F. No. 390/Misc./116/2017-JC dated 22-8-2019, seeks permission to withdraw this Special Leave Petition along with pending applications therein due to low tax effect. Permission granted, subject to just exceptions. Special leave petition and pending applications dismissed as withdrawn, leaving question of law open.

Summary

The Supreme Court of India dismissed a Special Leave Petition due to low tax effect, with permission granted to withdraw the petition and leaving the question of law open. The citation is 2020 (7) TMI 224 - SC Order.