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Investments yielding dividend to be considered to compute Section 14A disallowance
Case Law Details
- Case Name
- Religare Securities Ltd. Vs DCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Delhi
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Religare Securities Ltd. Vs DCIT (ITAT Delhi)
Conclusion: Only those investments which had yielded dividend income for computing the average value of investments would be considered for the purpose of computing the amount of disallowance u/s 14A.
Held: In the instant case, as far as assessee’s additional ground was concerned which challenged the disallowance made u/s 14A, it was seen that in Assessment Year 2008-09 on the issue of disallowance u/s 14A, the Co-ordinate Bench of the Tribunal had considered the issue of disallowance and remitted the issue back to the file of AO to work out of t...
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