[aaykarbhavan] ITAT directs AO to make same disallowance u/s 14A which was made in earlier year, as facts remained unchanged

 

ITAT directs AO to make same disallowance u/s 14A which was made in earlier year, as facts remained unchanged

April 17, 2015[2015] 56 taxmann.com 43 (Mumbai - Trib.)

IT : Where in earlier assessment year, Assessing Officer had worked out disallowance under section 14A at 10 per cent of exempt income from composit activity, on similar fact in current year, basis of disallowance was to be same

IT : Interest on inter-corporate deposits earned by assessee engaged in real estate development was to be taxable under head 'income from other sources'

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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