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2016 (8) TMI 411 - AT - Income TaxDisallowance u/s 14A - Held that:- AO is directed to restrict the administrative disallowance to 5% of the dividend income. Effective ground of appeal is decided in favour of the assessee in part. Disallowance under the head interest expenditure - Held that:- While deciding the appeal of the assessee, we have held that assessee had sufficient own funds to make investments and therefore, there was no justification for disallowance under the head interest expenditure. Following the order of the Tribunal for the earlier years, we decide the effective ground of appeal against the AO.
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