2015 (6) TMI 140

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....espondent : Mr Satish Mody with Ms Aasifa Khan ORDER P.C. 1. Heard both sides. At the earlier occasion we had granted time to Mr. Suresh Kumar to seek instructions from the Assessing Officer and on some specific point, namely, whether Rule 8D(ii) of the Income Tax Rules, 1962 was correctly applied or not? 2. Despite granting an adjournment of nearly four weeks, Mr. Suresh Kumar is not ....

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....ividend income. For that purpose, the figures under the head "Investment" could be taken and some charges apportioned for the purpose of computing the expenses. The Commissioner found from such figures, that only 10% of the income earned could be apportioned towards expenses for earning the dividend income. He, therefore, made a revised disallowance. 5. It is this revised disallowance which has....