Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (6) TMI 1262 - AT - Income TaxAddition u/s 14A - Held that:- In absence of direct nexus between the interest bearing fund and investment in shares, no disallowance can be made by the Assessing Officer U/s 14A. Accordingly, we reverse the order of the ld CIT(A) and allow the assessee’s appeal.
|