Disallowance not comes under the realm for rectification of mistake u/s 154

Union Bank of India Vs DCIT (ITAT Mumbai)

We find that AO has withdrawn, the relief granted u/s. 14A in the assessment order by mentioning that subsequently order of Hon’ble Supreme Court in Maxopp Investment Ltd. 402 ITR 640 has come. Accordingly, he has effectively made the disallowance us/.14A u/s 154 of the Act. We note that the decision of Hon’ble Supreme Court in Maxopp Investment Ltd (supra) did not overrule the proposition that when interest free funds are sufficient still disallowances u/s 8D(ii) needs to be don

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