Disallowance U/s. 14A cannot be made if Assesseee suo motto disallowed the expenses in excess of working U/s. 14A r.w. Rule 8D

BRIEF FACTS OF THE CASE AND QUESTION OF LAW Brief Facts 1. This is an appeal filed by the assessee is directed against the order of the Ld.CIT (A)-19, New Delhi dated 31.1.2013 pertaining to the Assessment Year (AY) 2009-10.The assessee is a Non Banking Finance Company and is engaged in making investments in the telecom centre and relevant ventures to promote the formation and mobilisation of capital and investments on behalf of its promoters. It filed its return of income on 30.9.2009 declaring total income of Rs.16,20,970/-. The AO determined the total income at Rs.91,87,370/- in an order p...