2017 (12) TMI 1551

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..... ng the year. Therefore, respectfully following the said decision, we direct the Assessing Officer to compute the disallowance under Rule 8D(2)(iii) by considering only those investments which yielded exempt income during the year and recompute the income accordingly.- Appeals of the assessee are partly allowed. - ITA.NO.2366 & 2367/MUM/2015 - - - Dated:- 20-12-2017 - Shri C.N. Prasad, Hon'b .....

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..... pecial Bench of ITAT in the case of a ACIT v. Vireet Investments Private Limited [165 ITD 27]. Learned Counsel for the assessee submits that though other contentions and propositions were canvassed by the assessee if this is accepted the other contentions may not be relevant. 3. Ld.DR strongly supported the orders of the lower authorities. 4. We have heard the rival submissions, perused the .....

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