https://www.taxtmi.com/caselaws?id=404993 The appeals of both the assessee and the Department were allowed for statistical purposes. The issue of disallowance of Rs. 35,18,803/- paid to the National Stock Exchange was remitted back to the Assessing Officer for fresh examination. Similarly, the issue of disallowance under Section 14A was also restored to the Assessing Officer with directions to consider only those investments yielding dividend income for computing the average value of investments. The Assessing Officer was instructed to provide the assessee with a reasonable opportunity to present its case. en-us Thu, 25 Feb 2021 00:00:00 +0530 Mon, 08 Mar 2021 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404993 The appeals of both the assessee and the Department were allowed for statistical purposes. The issue of disallowance of Rs. 35,18,803/- paid to the National Stock Exchange was remitted back to the Assessing Officer for fresh examination. Similarly, the issue of disallowance under Section 14A was also restored to the Assessing Officer with directions to consider only those investments yielding dividend income for computing the average value of investments. The Assessing Officer was instructed to provide the assessee with a reasonable opportunity to present its case. Case-Laws Income Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404993