Prior to AY 2008-09, disallowance of expenses relating to exempt income u/s. 14A is to be computed on a reasonable basis and not as per rule 8D

 ITAT MUMBAI BENCH ‘F’

Forever Diamonds (P.) Ltd.

versus

Deputy Commissioner of Income-tax

IT APPEAL NO. 5720 (MUM.) OF 2011
[ASSESSMENT YEAR 2004-05]

JANUARY  23, 2013

ORDER

Please become a Premium member. If you are already a Premium member, login here to access the full content.