Disallowance u/s 14A r.w.r. 8D - as argued CIT(A), instead of ...

Case Laws Income Tax

December 19, 2023

Disallowance u/s 14A r.w.r. 8D - as argued CIT(A), instead of adopting the average value of investment of which income is not part of the total income i.e., the value of tax- exempt investment, chose to factor in the total investment itself - while calculating disallowance under section 14A of the Act, only investment that have generated exempt income should be taken into consideration. - AT

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Disallowance u/s 14A r.w.r. 8D - as argued CIT(A), instead of ...

Case Laws Income Tax

December 19, 2023

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