Investments that had yielded exempt Income shall be considered for purpose of working out Disallowance under rule 8D(2): ITAT grants Relief to Aditya Birla [Read Order]

By Sunayana Dhal - On September 20, 2023 6:30 pm - 2 mins read
Investments yielded exempt Income - considered for purpose of working out Disallowance - ITAT - Aditya Birla - TAXSCAN

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), while granting relief to Aditya Birla Nuvo group, held that the investment that had yielded the exempt income shall be considered for the purpose of working out the disallowances under rule 8D(2) of the Income Tax Rules, 1962. The order has been recalled for adjudicating…

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