Tag Archive: UPS is an essential part of computer system and is eligible for depreciation @ 60%

Section 14A For the purpose of computing disallowance u/s 14A of the Act instead of taking into account total investment, only such investments which yielded exempt dividend income during the year are required to be considered for the purpose of disallowance. RELIGARE SECURITIES LTD. & ANR. vs. DCIT. In favour of Assessee. ITAT Delhi

For the purpose of computing disallowance u/s 14A of the Act instead of taking into account total investment, only such investments which yielded exempt dividend income during the year are required to be considered for the purpose of disallowance The…
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14A, 28, AY 2011-12, Delhi Tribunal, In Favour of Assessee, In favour of Assessee (Partly), Matter remanded, Rule 8D, Section 32

September 8, 2020