Tribunal directed to Assessing Officer to verify the working of assessee and restrict disallowance under section 14A read with rule 8D by considering only those investments that yielded exempt income during the year. (AY. 2012-13, 2014-15, 2017-18, 2018-19)
Hercules Hoists Ltd. v. DCIT (2025) 214 ITD 61 (Mum) (Trib.)
S.14A: Disallowance of expenditure-Exempt income-Directed to consider only those investments which yielded exempt income during the year. [R.8D]
Leave a Reply