AO couldn't invoke rule 8D if entire investments were made out of interest free own funds

INCOME TAX : Where in case of assessee, entire investment in assets yielding exempt income had been made out of interest free own funds, then no disallowance would be called for under rule 8D(2)(ii) and Assessing Officer would not be required to look into apportionment of expenses towards dividend income from shares held as stock in trade

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