PRL COMMISSOER OF INCOME TAX vs. SRISURAM VENKATESWARA REDDY
In the result, appeal filed by the revenue fails and is
ITTA/400/2018HC Telangana27 Aug 2018
Bench: RAMESH RANGANATHAN,KONGARA VIJAYA LAKSHMI
Section 115JSection 14ASection 194HSection 2(17)Section 260Section 260ASection 40
14A read with Rule 8D(2) (ii) and (iii) of
the Act on expenditure incurred on earning
4
exempt
income
even
when
the
assessing
authority rightly made disallowances as conditions
for making such disallowances were satisfied and
assessee failed to show flow of its own funds to
those investments from which income is exempt?
3.
Whether on the facts
