2018 (1) TMI 1759

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ary question of law urged in this appeal is with respect to the disallowance made under Section 14A of the Income Tax Act, 1961 ('the Act') by the Revenue to the tune of Rs. 3,07,63,450/-. The assessee/respondent, had for Assessment Year 2008-09, claimed a dividend of Rs. 34,81,86,873/-. Upon inquiry, it was asked by show cause notice as to why proportionate expenses by way of disallowance under S....