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2018 (8) TMI 1047 - AT - Income TaxDisallowance u/s 14A r.w.r 8D(2)(iii) - earning of exempted dividend income - rate of depreciation on moulds used in electronics goods - 30% or 15% - Held that:- disallowance of expenditure incurred in relation to an exempt income earned by the assessee u/s 14A of the 1961 Act cannot exceed exempt income earned by the assessee during relevant period. - Decided against the revenue. Higher rate of depreciation on moulds - Hedl that:- in view of the consistency, we are of the opinion that the claim of the assessee should have been accepted by the Assessing Officer as no new facts have been brought on record to justify for different stand taken during the year under consideration - Decided against the revenue.
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