Disallowance under Rule 8D(2) (iii) of I.T Rules shall be made on basis of average value of those investments in which assessee has yielded exempt income: ITAT directs readjudication [Read Order]

Expenses incurred in relation to exempt income not deductible under Section 14A of Income Tax Act: ITAT [Read Order]

Disallowance u/s 14A r.w.r 8D, cannot Exceed Quantum of Exempt Income Earned During Particular Assessment Year: ITAT [Read Order]

Relief to United Breweries, Disallowance u/s 14A restricted to Exempt Income earned by Assessee: ITAT [Read Order]

Disallowance u/s 14 A is not permissible When Assessee does not have Exempt Income: ITAT [Read Order]

No Question of Disallowance u/s 14A arises on Non-Receipt of Exempt Income during year under consideration: ITAT grants relief to TV Today Network [Read Order]