Big Dividend, Real Costs: ITAT Upholds Rule 8D Disallowance

Trident Group Limited Vs DCIT (ITAT Chandigarh)

₹1.02 Cr Disallowance u/s 14A Upheld: Large Investment Portfolio Cannot Be Managed at ‘Zero Cost’, Holds ITAT Chandigarh

The Chandigarh Bench “B” of the ITAT dismissed the appeal of M/s Trident Group Limited for AY 2017-18 and upheld disallowance of ₹1,02,44,219 u/s 14A r/w Rule 8D. The assessee had earned substantial exempt dividend income of ₹22.42 crore from a

Please become a Premium member. If you are already a Premium member, login here to access the full content.