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2018 (2) TMI 1153 - HC - Income TaxAddition u/s 14A r.w.r. 8D(ii) - part of interest payable on the loan attributable to the investment made to earn exempt income - sufficiency of own funds - Held that:- This Court in CIT Vs. HDFC Bank Ltd. [2014 (8) TMI 119 - BOMBAY HIGH COURT] has held that where Assessee's own funds are in excess of the investment made, then it shall be presumed that investments are made out of own funds. In the present case it is found on facts that the interest paid was nowhere related to investments made to earn exempt income either directly or indirectly. - Decided in favour of assessee
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