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2018 (10) TMI 352 - AT - Income TaxDisallowance u/s.14A - Held that:- It was brought to our notice that the Hon’ble ITAT Kolkata in the case of REI Agro Ltd. Vs. DCIT [2013 (9) TMI 156 - ITAT KOLKATA] has held that it is only the investments which yields dividend during the previous year that has to be considered while adopting the average value of investments for the purpose of Rule 8D(2)(ii) & (iii). Also in the case of ACIT v. Vireet Investments Private Limited [2017 (6) TMI 1124 - ITAT DELHI] held that only those investments which yielded dividend income are to be considered for computing average value of investments for the purpose of Rule 8D(2) of the Rules. - Decided against revenue Allowable revenue expenditure - stamp duty payable on issue of Bonds as a part of the expenditure incurred for mobilization of funds through issue on bonds - Held that:- The facts with regard to expenses on issue of bonds are identical in the present AY also. Following the order of the Tribunal for AY 2010-11, we uphold the order of the CIT(A) in allowing the claim - Decided in favour of assessee.
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