Tribunal held that only average value of investment which has yielded income during year shall only be considered for purpose of disallowance. (AY. 2013-14)
Anant Raj Ltd. v. ACIT (2020) 184 ITD 820 (Delhi)(Trib.)
S. 14A : Disallowance of expenditure-Exempt income-Average value of investment which has yielded income during year shall only be considered for purpose of disallowance. [R. 8D]