2014 (7) TMI 1328 - HC - Income Tax

Addition u/s 14A r/w Rule 8D - Tribunal held that no investment is made by the assessee in shares and securities (Mutual funds) out of interest bearing funds - HELD THAT - Question raised in these appeals is identical to one involved in Income Tax Appeal 2014 (7) TMI 1327 - BOMBAY HIGH COURT even these Appeals fail. They are thus dismissed by upholding the findings of the Tribunal. No costs.

Summary

The High Court of Bombay dismissed the appeals by upholding the findings of the Tribunal as the question raised was identical to a previous case. No costs were awarded. (Citation: 2014 (7) TMI 1328 - BOMBAY HIGH COURT)