Case Law Details
Case Name : Axis Bank Ltd Vs ACIT (ITAT Ahmedabad)
Appeal Number : I.T.A. Nos.142 & 143/Ahd/2024
Date of Judgement/Order : 24/07/2024
Related Assessment Year : 2010-11
Courts :
All ITAT ITAT Ahmedabad
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Axis Bank Ltd Vs ACIT (ITAT Ahmedabad)
ITAT Ahmedabad held that disallowance of interest under section 14A unjustified as assessee’s own funds are far in excess of the investments made in funds yielding exempt income.
Facts- The assessee company filed its return of income for A.Y. 2010-11 on 07.09.2010 declarin
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