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2018 (6) TMI 603 - AT - Income TaxDisallowance u/s 14A on account of dividend income - as submitted that the dividend received by assessee from OMIFCO, Oman is chargeable to tax in India under the head ‘income from other sources’ - rebate of tax has been allowed to assessee from the total taxes in terms of S.90(2) r.w. Article 25 of Indo-Oman DTAA - Held that:- As observed that it is a recurring issue from the preceding A.Ys and it has been remitted to Ld.AO to examine and verify the average value of investments after excluding the investment in OMIFCO, Oman under Rule 8D(2)(iii). We therefore do not find any infirmity in the observations of CIT(A) and the same is upheld. - Decided in favor of assessee.
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