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2014 (4) TMI 104 - ITAT BANGALOREDisallowance u/s 14A r.w. Rule 8D - Relief to assessee on issue of disallowance u/s 14A r.w. Rule 8D - Held that: - order of AO as well as CIT(A) shows that none of them have given any specific findings with regard to source of funds from which investments which are likely to yield tax free income were made - Loans were for specific purpose and were not capable for being used for making investments - None of authorities have gone into any of aspects which are necessary for invoking provisions of section 14A of Act - Order of CIT(Appeals) is set aside and matter is remanded to Assessing Officer for fresh consideration - Decided in favor of Revenue.
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