Held that disallowance under section 14A is to be restricted to extent of only those investments which yielded exempt income, for which assessee had furnished a detailed working. Addition on notional interest-Matter remanded for verification. (AY. 2010-11)
Yamini Khandelwal (Smt.) v. ACIT (2022) 197 ITD 520/ 220 TTJ 485/ 219 DTR 201 (Kol.) (Trib.)/Suraj Khandelwal v. ACIT (2022) 197 ITD 520/ 220 TTJ 485/ 219 DTR 201 (Kol) (Trib.)
S. 14A : Disallowance of expenditure-Exempt income-Disallowance is restricted to extent of considering only those investments which yielded exempt income-Notional interest-Matter remanded for verification. [S. 4, R. 8D]