2020 (1) TMI 1473

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ATE BANK [ 2020 (2) TMI 1020 - KARNATAKA HIGH COURT] . Accordingly, the aforesaid substantial question of law is answered in terms of the aforesaid judgment. - ITA NO. 481 OF 2014 - - - Dated:- 31-1-2020 - THE HON BLE MR. JUSTICE ALOK ARADHE AND THE HON BLE MR. JUSTICE RAVI V. HOSMANI For the Appellant : SRI.SURYANARAYANA T, ADVOCATE For the Respondent : SRI.JEEVAN.J.NEERALGI, ADVOCA .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ing Office for having at the expenditure disallowable, even though there was no expenditure incurred by the assessee in earning the exempt income? (c) The Tribunal ought to have held that own funds and non-interest bearing current account balances having exceeded the value of investments giving rise to exempt income innumerable times, Rule 8D(2)(ii) had no application? 2. When the matter is .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X