Ameya Logistics Pvt. Ltd. v. Dy. CIT (2020) 83 ITR 46 (SN) (Mum.) (Trib.)

S. 14A : Disallowance of expenditure-Exempt income-Only investments yielding exempt income during year to be considered for computing average value of investments. [R. 8D]

Tribunal held that for the purpose of computing the average value of investments while calculating the disallowance under section 14A read with rule 8D, only those investments were to be considered which had yielded exempt income during the year under consideration. (AY. 2015-16)

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