UNIVERSAL INDUSTRIAL FUND LTD.,KOLKATA vs. DCIT, C IRCLE- 6, KOLKATA, KOLKATA
In the result, assessee’s appeal stands partly allowed
ITA 1838/KOL/2010[2007-08]Status: DisposedITAT Kolkata27 May 2016AY 2007-08
Bench: Shri Waseem Ahmed & Shri S.S.Viswanethra Raviassessment Year :2007-08
Section 115JSection 143(3)Section 14A
Gains (LTCG for short) and Security Transaction Tax (STT for short) for ₹535,53,918/-. The AO has applied the provision of Rule 8D of the IT Rules, 1962 and disallowed a sum of ₹1,29,11,487/- which is comprising to demat charges of ₹1.15 lakh of interest expenses of ₹1,18,14,655/- and other expenses
