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2021 (7) TMI 504 - AT - Income TaxDisallowance u/s. 14A r.w.r. 8D(2) - disallowance voluntarily made by the assessee - HELD THAT:- AR fairly stated that the exempt income derived by the assessee was more than what is incorrectly stated by the Ld. CIT(A) in his order and accordingly, prayed for restoring of this matter to the file of Ld. AO for de novo adjudication in accordance with law. We find that the law on this issue u/s. 14A of the Act is well settled as on date. We direct the Ld. AO to consider only those investments which had actually yielded exempt income to the assessee while doing the de novo assessment on the issue of disallowance u/s. 14A of the Act in accordance with law.
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