Dismissing the appeal of the Revenue the Tribunal held that assessee’s own fund were much higher than investments that yield exempt income, Commissioner (A) had rightly deleted addition made by Assessing Officer on account of interest expenditure. (AY. 2012-13)
ACIT v. Doshion Veolia Water Solution (P.) Ltd. (2024) 207 ITD 801 (Mum) (Trib.)
S.14A : Disallowance of expenditure-Exempt income-Interest-Own fund were much higher than investments that yield exempt income-Order of CIT(A) deleting the addition is affirmed. [R.8D(2)(ii)]
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