| Court: | ITAT MUMBAI |
| Head Notes: | the Hon. ITAT Mumbai held that disallowance u/s. 14A cannot be made where the exempt income is earned in the current year on investments made in earlier years, with no fresh investments in the current year. Additionally, interest paid on an overdraft facility for business purposes cannot be disallowed under Rule 8D |
| Law: | Income-Tax Act |
| Section(s): | 14A read with rule 8D |
| Counsel(s): | CA Milind wadhwani |
| Dowload Pdf File | Click here to download the file in pdf format |
| Uploaded By | Counsel |
| Date of upload: | November 14, 2024 |
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