Dividend bearing Securities should be considered for Disallowance under Rule 8D(2)(iii) of the Income Tax Rules says ITAT in PwC case

The Income Tax Appellate Tribunal (ITAT) in the PwC case held that dividend-bearing securities should be considered for disallowance under Rule 8D(2)(iii) of the Income Tax Rules. The appellant PricewaterhouseCoopers Private Limited is in the business of providing, inter alia, management consultancy services, and also accounting and business advisory services. The Company’s operations are segregated […]

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