Assessee earned dividend income from his personal investments but not from business assets. The AO made disallowance under section 14A read with rule 8D. CIT (A) deleted the addition. Order of CIT(A) is affirmed.(AY. 2013-14)
ACIT v. Anilkumar Phoolchand Sanghvi (2022) 197 ITD 439 (Pune)(Trib.)
S. 14A : Disallowance of expenditure-Exempt income-Dividend from his personal investments-Deletion of addition is justified. [R. 8D]