No disallowance can be made U/s. 14A with regard to investment in foreign subsidiaries

ITAT AHMEDABAD BENCH ‘C’ Suzlon Energy Ltd. versus Deputy Commissioner of Income-tax IT Appeal Nos. 3911(Ahd.) of 2007 & 1367 (Ahd.) of 2008 [ASSESSMENT YEARS 2005-06 & 2006-07] SEPTEMBER 21, 2012 ORDER A.K. Garodia, Accountant Member These are cross-appeals of the assessee and the Revenue for two years which are directed against two separate orders of the learned Commissioner of Income-tax (Appeals)-XIV, Ahmedabad, dated September 27, 2007 for the assessment year 2005-06 and dated March 17, 2008, for the assessment year 2006-07. All these appeals were he...