Only Investments Yielding Exempt Income has to be Considered for Rule 8D: ITAT Delhi

DCIT Vs Jindal Pipes Ltd. (ITAT Delhi) In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Delhi Bench has dismissed appeals filed by the Deputy Commissioner of Income Tax (DCIT) against Jindal Pipes Ltd. The Tribunal upheld the Commissioner of Income-tax (Appeals) [CIT(A)] orders, which had deleted disallowances related to technical know-how fees, captive power and fuel expenses, and limited disallowance under Section 14A of the Income Tax Act, 1961. The ruling, pronounced on May 30, 2025, provides relief to Jindal Pipes Ltd. for Assessment Years (AY) 2016-17 and 2018-19. Jindal...