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| The Tax Publishers2022 TaxPub(DT) 0057 (Del-Trib) INCOME TAX ACT, 1961
Section 14A Rule 8D
Even strategic investments were to be considered for computation of disallowance under section 14A read with rule 8D(2).
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Disallowance under section 14A - Expenditure against exempt income - -
Assessee sought for exclusion of strategic investment for computation of disallowance under section 14A read with rule 8D(2). Held: Even strategic investments were to be considered for computation of disallowance under section 14A read with rule 8D(2).
Followed:Maxopp Investment Ltd v. CIT (2018) 402 ITR 640 (SC) : 2018 TaxPub(DT) 1403 (SC).
REFERRED :
FAVOUR : Against the assessee.
A.Y. : 2014-15
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