https://www.taxtmi.com/caselaws?id=776243 The ITAT Chennai allowed the appeal for statistical purposes and remanded the matter to the AO to verify whether the investments in the renamed HDFC funds are debt or equity-oriented and if their income is included in total income. If income from these funds forms part of total income, the investments should be excluded from the average value computation under Rule 8D(2)(iii). The assessee was directed to furnish all relevant details to the AO. en-us Fri, 03 Jan 2025 00:00:00 +0530 Thu, 07 Aug 2025 07:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776243 The ITAT Chennai allowed the appeal for statistical purposes and remanded the matter to the AO to verify whether the investments in the renamed HDFC funds are debt or equity-oriented and if their income is included in total income. If income from these funds forms part of total income, the investments should be excluded from the average value computation under Rule 8D(2)(iii). The assessee was directed to furnish all relevant details to the AO. Case-Laws Income Tax Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776243