2020 (3) TMI 1450

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... d the order of the FAA and in addition relied upon the aforesaid decision of the Court. The issue raised is squarely covered by the decision of this Court in the case of CIT v/s. Reliance Utilities Power Ltd. [ 2009 (1) TMI 4 - BOMBAY HIGH COURT] After hearing learned counsel for the parties and on perusal of the order passed by the Tribunal, we do not find any error or infirmity in the view .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... questions as substantial questions of law : 1. Whether on the facts and in the circumstances of the case and in law, the Tribunal is correct in holding that when the net worth as on 31.03.2010 is in excess of the investment made yielding the exempt income, disallowance u/s. 14A r/w.r. 8D is not required to be made ? 2. Whether on the facts and in the circumstances of the case and in law, the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X