Held that disallowance under section 14A read with rule 8D cannot be made in case of shares held as stock-in-trade held by bank. (AY. 2015-16)
DBS Bank Ltd. v. DCIT (2025)210 ITD 448(Mum)(Trib.)
S. 14A : Disallowance of expenditure-Exempt income-stock in trade-No disallowance can be made.[R. 8D]
Leave a Reply