Section 8D(2)(iii) of the Income Tax Act

The decision most relied on for Section 8D(2)(iii) is Commonwealth Trust Ltd., Calicut, Kerala v. Commissioner of Income-tax Kerala II, Ernakulam (228 ITR 1), cited in 13 of the 52 judgments on BharatTax that turn on this section.

Leading authorities on Section 8D(2)(iii)

Commonwealth Trust Ltd., Calicut, Kerala v. Commissioner of Income-tax Kerala II, Ernakulam
228 ITR 1 · Supreme Court
13
citing judgments
Tops Group Electronic Systems Ltd. v. ITO
67 Taxmann.com 310 · 2016 · ITAT
12
citing judgments
CIT v. Tingri Tea Co. Ltd. (
84 ITD 563 · 2003 · ITAT
12
citing judgments
CIT v. Sant Ram Mangat Ram
275 ITR 312 · 2005 · High Court
11
citing judgments
CIT v. Tingri Tea Co. Ltd.
79 ITR 294 · 1971 · High Court
9
citing judgments
PCIT v. Asphalt India Corp.
167 Taxmann.com 460 · 2024 · High Court
7
citing judgments
USV Ltd. v. DCIT, Central Circle-32, Mumbai
24 Taxmann.com 218 · 2012 · ITAT
7
citing judgments
PCIT v. PNB Housing Finance Ltd.
157 Taxmann.com 465 · 2023 · Supreme Court
6
citing judgments
Rusabh Diamonds v. Assistant Commissioner of Income-tax
34 Taxmann.com 160 · 2013 · ITAT
6
citing judgments

Judgments on Section 8D(2)(iii)

ATC GLOBAL LOGISTICS PVT. LTD,MUMBAI vs. ASSESSING OFFICER, MUMBAI

In the result, the appeal of the assessee is allowed

ITA 367/MUM/2026[2016-17]Status: DisposedITAT Mumbai07 Apr 2026AY 2016-17

Bench: Shri Om Prakash Kant () & Shri Anikesh Banerjee () Assessment Year: 2016-17

For Appellant: Ms. Aarti S. SharmaFor Respondent: Mr. Surendra Mohan, (SR. DR)
Section 142(1)Section 143(3)Section 144Section 271(1)(b)

DCIT 2(3)(2), MUMBAI vs. ICICI BANK LTD, MUMBAI

ITA 1560/MUM/2016[2010-11]Status: DisposedITAT Mumbai20 Feb 2026AY 2010-11
For Appellant: Ms. Arati Vissqanji, Sr. Adv. a/wFor Respondent: IT(TP) A No. 1560/Mum/2016
Section 10(15)Section 143(3)Section 14ASection 92B(1)Section 92C

MACWEAR, MUMBAI vs. DCIT, CIRCLE 22(1), MUMBAI, MUMBAI

In the result, Assessee’s appeal is allowed for statistical purposes

ITA 6189/MUM/2025[2017-18]Status: DisposedITAT Mumbai21 Jan 2026AY 2017-18

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankarassessment Year: 2017-18 Macwear, Dcit, Circle 22(1), Macwear House, First Floor, Room No.322, 3Rd Floor, Vs. Sunmill Compound, Delisle Piramal Chamber, Lal Baug, Road, Mumbai – 400013. Parel, Pan – Aaafm1927E Mumbai - 400012 (Appellant) (Respondent) Present For: Assessee By : Shri Himanshu Gandhi, Ca Revenue By : Shri Virabhadra Mahajan, (Sr. D.R.) Date Of Hearing : 21.01.2026 Date Of Pronouncement : 21.01.2026 O R D E R Per : Narender Kumar Choudhry: This Appeal Has Been Preferred By The Assessee Against The Order Dated 05.08.2025, Impugned Herein, Passed By The Ld. Commissioner Of Income Tax (Appeals) (In Short Ld. Commissioner) U/S 250 Of The Income Tax Act, 1961 (In Short ‘The Act’) For The A.Y. 2017-18. 2. In The Instant Case, The Ao Vide Assessment Order Dated 13.11.2019 Under Section 143(3) Of The Act, Has Made An Addition Of Rs.13,01,267/- Being 1% Of The Average Investments Of Rs.13,01,26,690/-, Mainly On The Reason That The Assessee Has Failed To Provide Calculation/Submissions & Also, In The Computation Of Total Income, Has Not Disallowed Any Expenditure Attributable To The Earning Of Exempt Income As Required Under The 2 Macwear Provision Of Section 14A Of The Act. The Ld. Commissioner, On The Aforesaid Reasons, Dismissed The Appeal Of The Assessee, Affirming The Addition Made By The Ao. Thus, The Assessee Has Preferred The Instant Appeal.

For Appellant: Shri Himanshu Gandhi, CAFor Respondent: Shri Virabhadra Mahajan, (SR. D.R.)
Section 143(3)Section 14ASection 250

ACIT CIRCLE 1, TRICHY vs. DALMIA CEMENT BHARAT LTD., DALMIAPURAM

ITA 3157/CHNY/2017[2013-14]Status: DisposedITAT Chennai31 Dec 2025AY 2013-14

Bench: Ms. Madhumita Roy & Shri Amitabh Shukla, Accountnat Member [Assessment Year: 2013-14] The Assistant Commissioner Of M/S Dalmia Cement Bharat Ltd. Income Tax, Circle-1, Dalmiapuram, Williams Road, Vs Tamilnadu, 621651 Cantonment, Trichy, Tamil Nadu-620001 Pan-Aadca9414C Assessee Revenue Cross Objection No.63/Chny/2018 (Arising Out Of Ita No.3157/Chny2017) [Assessment Year: 2013-14] M/S Dalmia Cement Bharat Ltd. The Assistant Commissioner Of Dalmiapuram, Income Tax, Circle-1, Tamilnadu-621651 Vs Williams Road, Cantonment, Trichy, Tamil Nadu-620001 Pan- Aadca9414C Assessee Revenue [Assessment Year: 2014-15] The Assistant Commissioner Of M/S Dalmia Cement Bharat Ltd. Income Tax, Circle-1, Dalmiapuram, Williams Road, Vs Tamilnadu, 621651 Cantonment, Trichy, Tamil Nadu-620001 Pan-Aadca9414C Assessee Revenue

Section 14ASection 32(1)(iia)

DCIT 2(3)(2), MUMBAI vs. ICICI BANK LTD, MUMBAI

In the result, ground no. 3 of appeal of

ITA 1550/MUM/2016[2009-10]Status: DisposedITAT Mumbai21 Nov 2025AY 2009-10

Bench: Shri Pawan Singh & Shri Girish Agrawal(Physical Hearing) Icici Bank Limited, Dcit, 2(3)(2), Mumbai, Icici Bank Towers, North East Wing, Vs Aayakarbhavan, 1St Floor, Bandrakurla Complex, Mumbai – 400020. Bandra (East), Mumbai – 400051. [Pan No. Aaaci1195H] Appellant / Assessee Respondent / Revenue (Physical Hearing) Dcit, 2(3)(2), Mumbai, Icici Bank Limited Aayakar Bhavan, Vs Icici Bank Towers, North East Wing, 1St Floor, Bandrakurla Complex, Mumbai – 400020. Bandra (East), Mumbai – 400051. [Pan No. Aaaci1195H] Appellant / Assessee Respondent / Revenue

Section 10(15)Section 14ASection 254(1)Section 92CSection 92C(3)(c)

ICICI BANK LTD,MUMBAI vs. DCIT 2(3)(2), MUMBAI

In the result, ground no. 3 of appeal of

ITA 4418/MUM/2015[2009-10]Status: DisposedITAT Mumbai21 Nov 2025AY 2009-10

Bench: Shri Pawan Singh & Shri Girish Agrawal(Physical Hearing) Icici Bank Limited, Dcit, 2(3)(2), Mumbai, Icici Bank Towers, North East Wing, Vs Aayakarbhavan, 1St Floor, Bandrakurla Complex, Mumbai – 400020. Bandra (East), Mumbai – 400051. [Pan No. Aaaci1195H] Appellant / Assessee Respondent / Revenue (Physical Hearing) Dcit, 2(3)(2), Mumbai, Icici Bank Limited Aayakar Bhavan, Vs Icici Bank Towers, North East Wing, 1St Floor, Bandrakurla Complex, Mumbai – 400020. Bandra (East), Mumbai – 400051. [Pan No. Aaaci1195H] Appellant / Assessee Respondent / Revenue

Section 10(15)Section 14ASection 254(1)Section 92CSection 92C(3)(c)

NILESH ISHWAR MEHTA,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX-17(1), MUMBAI, MUMBAI

In the result, the appeal is of the assessee is partly allowed

ITA 4931/MUM/2025[2014-15]Status: DisposedITAT Mumbai12 Nov 2025AY 2014-15

Bench: Shri Narender Kumar Choudhry & Shri Prabhash Shankarnilesh Ishwar Mehta V/S. Deputy Commissioner Of 2301/A, 23Rd Floor, बनाम Income Tax-17(1) Parthenon Building, J.P. Room No. 117, Kautilya Road, Mumbai – 400 053, Bhavan, C-41 To C-43, G-Block, Maharashtra Bandra Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aacpm2417P Appellant/अपीलार्थी .. Respondent/प्रतिवादी

For Appellant: Shri Himanshu Gandhi,ARFor Respondent: Shri Leyaqat Ali Aafaqui, (Sr.AR)
Section 143(3)Section 14ASection 234BSection 56(2)(vii)

DY. COMMISSIONER OF INCOME TAX- CC 3(4), MUMBAI vs. PASHA FINANCE PVT LTD, MUMBAI

In the result, both the appeals by the Revenue are dismissed

ITA 4317/MUM/2025[2014-15]Status: DisposedITAT Mumbai31 Oct 2025AY 2014-15

Bench: Shri Sandeep Gosain & Shri Girish Agrawal

For Appellant: Shri Devendra Jain, AdvocateFor Respondent: Shri Virabhadra Mahajan, Sr. DR
Section 10(34)Section 143(3)Section 14ASection 36(1)(ii)Section 36(1)(iii)

HPL MERCANTILE PVT LTD,DELHI vs. ITO WARD 11(1), DELHI

Appeal is partly allowed

ITA 5759/DEL/2025[2017-18]Status: DisposedITAT Delhi29 Oct 2025AY 2017-18

Bench: SHRI SATBEER SINGH GODARA (Judicial Member)

Section 143(3)Section 14ASection 14A(2)

FIITJEE LIMITED.,NEW DELHI vs. ACIT CIRCLE-25(2), NEW DELHI

The appeals are allowed partly

ITA 333/DEL/2021[2010-11]Status: DisposedITAT Delhi29 Oct 2025AY 2010-11

Bench: Shri Anubhav Sharma & Shri Krinwant Sahay

For Appellant: Shri C.S. Agarwal, Sr. Advocate; &For Respondent: Ms Monika Singh, CIT-DR
Section 14ASection 153A

ALLAHABAD BANK U. P. GRAMIN BANK,BANDA vs. ASSISTANT COMMISSIONER OF INCOME TAX, RANGE-5, KANPUR

In the result, the appeal is allowed for statistical purposes

ITA 170/LKW/2019[2013-14]Status: DisposedITAT Lucknow16 Oct 2025AY 2013-14

Bench: SH. SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER AND SH. NIKHIL CHOUDHARY (Accountant Member)

For Appellant: Sh. C. Naresh, FCAFor Respondent: Sh. R.K. Agarwal, CIT DR
Section 143(3)Section 14ASection 36(1)(viia)

DCIT, CIRCLE - 10(1), NEW DELHI vs. INDIAN SUGAR EXIM CORPORATION LIMITED, SOUTH EAST DELHI

ITA 5033/DEL/2024[2016-17]Status: DisposedITAT Delhi13 Oct 2025AY 2016-17

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 4744/Del/2024 : Asstt. Year : 2016-17 Indian Sugar Exim Corporation Ltd. Vs Acit, C-Block, 2Nd Floor, Ansal Plaza, Circle-12(1), August Kranti Marg, Andrews Ganj, New Delhi-110002 New Delhi-110049 (Appellant) (Respondent) Pan No. Aaaci1163M

For Appellant: Sh. Sumit Jain, CAFor Respondent: Sh. Manish Gupta, Sr. DR
Section 143(3)Section 14ASection 37

INDIAN SUGAR EXIM CORPORATION LTD,NEW DELHI vs. ACIT CIRCLE 12(1), C R BUILDING, NEW DELHI

ITA 4744/DEL/2024[2016-17]Status: DisposedITAT Delhi13 Oct 2025AY 2016-17

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 4744/Del/2024 : Asstt. Year : 2016-17 Indian Sugar Exim Corporation Ltd. Vs Acit, C-Block, 2Nd Floor, Ansal Plaza, Circle-12(1), August Kranti Marg, Andrews Ganj, New Delhi-110002 New Delhi-110049 (Appellant) (Respondent) Pan No. Aaaci1163M

For Appellant: Sh. Sumit Jain, CAFor Respondent: Sh. Manish Gupta, Sr. DR
Section 143(3)Section 14ASection 37

DEPUTY COMMSSIONER OF INCOME TAX (CENTRAL CIRCLE) -3(3), MUMBAI, MUMBAI vs. M/S WELSPUN ENTERPRISES LIMITED, MUMBAI

In the result, the appeal of revenue for AY 2018-19 is dismissed

ITA 1763/MUM/2025[2014-15]Status: DisposedITAT Mumbai30 Sept 2025AY 2014-15

Bench: Shri Pawan Singh& Smt.Renu Jauhri

Section 115JSection 14ASection 254(1)Section 40

DEPUTY COMMSSIONER OF INCOME TAX (CENTRAL CIRCLE) -3(3), MUMBAI, MUMBAI vs. M/S. WELSPUN ENTERPRISES LIMITED, MUMBAI

In the result, the appeal of revenue for AY 2018-19 is dismissed

ITA 1677/MUM/2025[2018-19]Status: DisposedITAT Mumbai30 Sept 2025AY 2018-19

Bench: Shri Pawan Singh& Smt.Renu Jauhri

Section 115JSection 14ASection 254(1)Section 40

DEPUTY COMMSSIONER OF INCOME TAX (CENTRAL CIRCLE) -3(3), MUMBAI, MUMBAI vs. M/S. WELSPUN ENTERPRISES LIMITED, MUMBAI

In the result, the appeal of revenue for AY 2018-19 is dismissed

ITA 1675/MUM/2025[2016-17]Status: DisposedITAT Mumbai30 Sept 2025AY 2016-17

Bench: Shri Pawan Singh& Smt.Renu Jauhri

Section 115JSection 14ASection 254(1)Section 40

DCIT, CIRCLE 1(1)(1), AHMEDABAD, AHMEDABAD vs. ANIL LIMITED, AHMEDABAD

In the result, both the appeals filed by the Revenue are dismissed

ITA 403/AHD/2025[2014-15]Status: DisposedITAT Ahmedabad17 Sept 2025AY 2014-15

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyal

For Appellant: Shri R P Rastogi, CIT-DRFor Respondent: None
Section 14ASection 250Section 80J

MOTILAL OSWAL FINANCIAL SERVICES LIMITED (SUCCESSOR OF MOPE INVESTMENT ADVISORS PRIVATE LIMITED),MUMBAI vs. DCIT, CIRCLE 7(1)(1), MUMBAI

In the result, the appeal of the assesse is partly allowed

ITA 4701/MUM/2025[2016-17]Status: DisposedITAT Mumbai16 Sept 2025AY 2016-17

Bench: Shri Om Prakash Kantms Suchitra Kamblem/S. Motilal Oswal Financial The Deputy Commissioner Vs. Services Limited (Successor Of Of Income Tax, Mope Investment Advisors Circle-7(1)(1), Private Limited), Mumbai. Motilal Oswal Tower, Prabhadevi S.O, Mumbai-400025. [Pan :Aaecm6354 L] (Appellant) .. (Respondent) Appellant By : Shri Malav Sheth, Ar Respondent By: Ms Kavitha Kaushik, Sr. Dr Date Of Hearing 09.09.2025 Date Of Pronouncement 16.09.2025 O R D E R Per Suchitra Kamble:

For Appellant: Shri Malav Sheth, ARFor Respondent: Ms Kavitha Kaushik, Sr. DR
Section 143(3)Section 14ASection 80G

DCIT, CIRCLE- 19(1), DELHI vs. PARAMOUNT PROPBUILD PVT. LTD., DELHI

In the result, the appeal of the Revenue is dismissed

ITA 2027/DEL/2025[2017-18]Status: DisposedITAT Delhi10 Sept 2025AY 2017-18

Bench: Shri Satbeer Singh Godara & Shri Manish Agarwaldcit, Paramount Propbuild Pvt. Circle-19(1), Ltd. Delhi. Vs. 208, 2Nd Floor, Sikka Mansion, Lsc, Savita Vihar, New Delhi-110092. Pan:Aadcp522P (Appellant) (Respondent) Assessee By Dr. Rakesh Gupta, Adv. & Shri Somil Aggarwal, Adv. Department By Shri Pradumna Kumar Singh, Sr. Dr Date Of Hearing 03.09.2025 Date Of Pronouncement 03.09.2025 O R D E R Per Manish Agarwal, Am: This Appeal Is Filed By The Revenue Against The Order Of Commissioner Of Income Tax (Appeals), 29, Delhi In Appeal No. Cit(A), Delhi-7/10457/2019- 20 Dated 24.01.2025 U/S 250 Of The Income Tax Act, 1961 Arising Out Of Order Passed U/S 143(3) Dated 08.04.2021 For Assessment Year 2017-18. 2. Brief Facts Of The Case Are That Assessee Is A Company & E-Filed Its Return Of Income On 21.11.2018 Declaring Total Income At Rs.2,80,29,572/-. The Case Of The Assessee Was Taken Up For Scrutiny & The Assessment Was Completed Wherein Disallowance Of Rs. 3,23,93,370/- Was Made Towards The Interest Paid On Funds Borrowed From Two Entities Namely M/S Sarvottam Securities Pvt. Ltd. & M/S Upaj Leasing Finance Company Ltd. By Holding That The Loan Taken From These Two Companies As Bogus. The Ld. Cit(A) Deleted The Disallowance So Made By Observing That Loans Taken From These Two Companies On Which The Interest Paid Is Disallowed In The Year Under Appeal Was Not Disputed By The Revenue Nor Held As Bogus In The Year When They

Section 143(3)Section 148Section 148ASection 250Section 263

BOUNTEOUS DIGITAL PRIVATE LIMITED,CHENNAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CHENNAI

In the result, the appeal filed by the assessee is partly allowed

ITA 1600/CHNY/2025[2017-18]Status: DisposedITAT Chennai28 Aug 2025AY 2017-18

Bench: Shri S.S. Viswanethra Ravi & Shri S.R. Raghunathaआयकर अपील सं./I.T.A. No.1600/Chny/2025 िनधा"रण वष"/Assessment Year: 2017-18 Bounteous Digital Private Limited, Vs. The Deputy Commissioner Of Block A, 8Th Floor, Global Infocity Park Income Tax, No. 40, Mgr Salai, Perungudi, Corporate Circle 4(1), Chennai 600 096. Chennai. [Pan:Aaacl6079R] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri A.R. Raghunathan, Ca (Virtual) ""थ" की ओर से/Respondent By : Shri C. Sivakumar, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 18.08.2025 घोषणा की तारीख /Date Of Pronouncement : 28.08.2025 आदेश /O R D E R Per S.S. Viswanethra Ravi: This Appeal Filed By The Assessee Is Directed Against The Order Dated 11.02.2025 Passed By The Addl/Jcit(A) – 10, Mumbai For The Assessment Year 2017-18. 2. The First Issue Raised By The Assessee Emanates For Our Consideration As To Whether The Ld. Cit(A) Is Justified In Confirming The Disallowance Of Csr Expenses In The Facts & Circumstances Of The Case.

For Appellant: Shri A.R. Raghunathan, CA (Virtual)For Respondent: Shri C. Sivakumar, Addl. CIT
Section 143(2)Section 30Section 36Section 37Section 37(1)Section 80G

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