Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (7) TMI 1487 - AT - Income TaxDisallowance u/s 14A r/w rule 8D - Commissioner (Appeals) directed the AO to compute disallowance under rule 8D(2)(iii) by taking into account only those investments on which the assessee had received exempt income during the year - HELD THAT:- Direction of the Commissioner (Appeals) with regard to the computation of disallowance under section 8D(2)(iii) is fully in conformity with the ratio laid down in CIT v/s Vireet Investment Pvt. Ltd., [2017 (6) TMI 1124 - ITAT DELHI] wherein as held that while computing disallowance under rule 8D(2)(iii), only those investments which have yielded exempt income during the year under consideration can be considered. That being the case, we do not find any infirmity in the decision of the learned Commissioner (Appeals). - Decided against revenue
|