9911796707
TMI Blog2018 (9) TMI 1230X X X X Extracts X X X X X X X X Extracts X X X X ..... ama Rao, Accountant Member And Shri Laliet Kumar, Judicial Member For the Appellant : Dr.P.V.Pradeep Kumar, Addl.CIT(DR). For the Respondent : Shri K.R.Vasudevan, Advocate. ORDER PER INTURI RAMA RAO, AM : This is an appeal filed by the revenue directed against the order of the learned Commissioner of Income-tax(Appeals)-3, [CIT(A)], Bengaluru, dated 27/10/2017 for the ass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ment year 2014-15 was filed on 03/11/2014 declaring loss of ₹ 91,76,153/-. Against the said return of income, the assessment was completed by the Assessing Officer at total income of ₹ 3,03,98,848/-. While doing so, the AO made disallowance of ₹ 43,95,75,001/- u/s 14A of the Act, rejecting the contention of the assessee that in the absence of any exempt income, no disallowance u/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... peal before us vide present appeal. 6. We heard rival submissions and perused the material on record. The only issue in the present appeal is whether the ld.CIT(A) was justified in deleting the addition made u/s 14A on the ground that in the absence of any exempt income, resort cannot be made to the provisions of section 14A. The relevant observations of the ld.CIT(A) are as under: W ..... X X X X Extracts X X X X X X X X Extracts X X X X
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