2018 (12) TMI 587 - SCH - Income Tax

Disallowance u/s 14A - assessee has been made investment of interest bearing funds in the partnership firm profit of which was exempt - Held that - The Special Leave Petition is dismissed on the ground of low tax effect. However, the question of law is left open.

Summary

The Supreme Court dismissed the Special Leave Petition due to low tax effect, but left the question of law open. Delay was condoned, and the pending application was disposed of.