Calculation of Average Investment U/s 14A r.w rule 8D only Tax Free Investment to be Considered

For the assessment year 2008-09 the assessee  had reported a tax exempt income to the tune of  Rs. 18,26,360/- amongst other heads of income. The AO added back  Rs. 19,96,242/- under Section 14A. While doing so, the AO applied Rule 8D by taking into consideration the total quantum of interest other than that invested, under Section 14A in te

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