Consider Investments Yielding Exempt for Rule 8D Disallowance: ITAT Delhi

Airport Authority of India Vs DCIT (ITAT Delhi)

ITAT Delhi remanded the issue back to file of AO to re-compute disallowance under rule 8D(2)(ii) of the Income Tax Act by taking those investment which give rise to exempt income @1% of average value of investment.

Facts- The assessee in its return of income disclos

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