TMI Blog2013 (11) TMI 1490X X X X Extracts X X X X X X X X Extracts X X X X ..... tal expenditure was suo motu treated and attributed as expenditure relatable to earning of exempt income - If Rule 8D is applied to calculate the disallowance then the amount will be lower than the disallowance computed by the assessee - Decided against Revenue. - ITA 468/2013 - - - Dated:- 23-10-2013 - Sanjiv Khanna And Sanjeev Sachdeva,JJ. For the Appellant : Mr. Kamal Sawhney, Sr. Stan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed an amount of Rs.1,73,98,255/- under Section 14A of the Act. The said figure was calculated by appropriating expenditure incurred in proportion of the exempt income to the total income. Thus, 95% of the total expenditure was suo motu treated and attributed as expenditure relatable to earning of exempt income. The Commissioner (Appeals) noticed the said facts and factual position and came to the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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