Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2017 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (5) TMI 728 - AT - Income TaxDisallowance in regard to expenses relatable to exempted income by invoking the provisions of section 14A of the Act read with rule 8D - Held that:- We find that in case the assessee is able to explain that no expenditure has been incurred for earning this income, AO will look into the facts and decide the case accordingly. Orders of the lower authorities are set aside and the matter remanded back to the file of the AO for fresh adjudication. The appeal of assessee is allowed for statistical purpose.
|