https://www.taxtmi.com/highlights?id=73661 Disallowance u/s 14A r.w.r. 8D - as argued CIT(A), instead of adopting the average value of investment of which income is not part of the total income i.e., the value of tax- exempt investment, chose to factor in the total investment itself - while calculating disallowance under section 14A of the Act, only investment that have generated exempt income should be taken into consideration. - AT en-us Tue, 19 Dec 2023 09:01:31 +0530 Tue, 19 Dec 2023 09:01:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73661 Disallowance u/s 14A r.w.r. 8D - as argued CIT(A), instead of adopting the average value of investment of which income is not part of the total income i.e., the value of tax- exempt investment, chose to factor in the total investment itself - while calculating disallowance under section 14A of the Act, only investment that have generated exempt income should be taken into consideration. - AT Highlights Income Tax Tue, 19 Dec 2023 09:01:31 +0530 https://www.taxtmi.com/highlights?id=73661