Section 14A disallowance should be as per Rule 8D Calculation Method

National Aluminium Company Ltd. Vs ACIT (ITAT Cuttack)

The issue under consideration is whether disallowance u/s 14A without following calculation method mentioned under rule 8D is justified in law?

ITAT states that, the assessee is earning income under different heads, as mentioned above. During the year, the assessee has received dividend and claimed such income as exempt income. The assessee has only made disallowance u/s.14A to earn the exempt income. The Assessing Off

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