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TMI Blog2019 (5) TMI 314X X X X Extracts X X X X X X X X Extracts X X X X ..... GTON (INDIA) LTD. VERSUS THE ADDITIONAL COMMISSIONER OF INCOME TAX [ 2017 (1) TMI 318 - MADRAS HIGH COURT ] and M/S. CHETTINAD LOGISTICS PVT. LTD. [ 2017 (4) TMI 298 - MADRAS HIGH COURT] - Decided in favour of assessee. - I.T.A.No.524-528/Viz/2018, Cross Objection Nos.52-56/Viz/2019 - - - Dated:- 30-4-2019 - Shri V. Durga Rao, Judicial Member And Shri D.S. Sunder Singh, Accountant Member For the Assessee : Shri G.V.N.Hari, AR For the Revenue : Shri D.K.Sonowal, CIT DR ORDER PER BENCH : These appeals are filed by the revenue against the order of the Commissioner of Income Tax (Appeals) [CIT(A)]-3 dated 29.06.2018 and Cross Objections are filed by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e disallowance u/s 14A r.w.Rule 8D of I.T.Rules. The AO made the disallowances for the A.Ys 2013-14 to 2015-16 as under : 2013-14 - ₹ 2,61,12,325/- 2014-15 - ₹ 3,38,11,417/- 2015-16 - ₹ 3,57,47,258/- 4. Aggrieved by the order of the AO, the assessee went on appeal before the CIT(A) and the Ld.CIT(A) found that the assessee did not earn any exempt income during the relevant assessment years. Therefore, following the orders of this Tribunal in the c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Madras High Court in the case of M/s Redington (India) Ltd. Vs. The Addl, CIT, Company Range-V, Chennai in T.C.A.No. 520 of 216 and CIT, Central-1, Chennal Vs Chettinad Logistics (P) Ltd.[2017] 80 taxmann. Com 221 (Madras) and Hon'ble ITAT (Vizag) in the case of D.Veerabhadhra Reddy(HUF) Vs the DCIT, Circle-1, Kakinada and DCIT, Circle-2(1), Vijayawada Vs. Radhakrishna Automobiles. Respectfully following the decisions mentioned above and in the facts of the case, the AO is directed to delete the additions. Since the issue is squarely covered by the orders of the Tribunal in favour of the assessee, we do not find any reason to interfere with the orders of the Ld. CIT(A) and the same is upheld. The appeals of the revenue ..... X X X X Extracts X X X X X X X X Extracts X X X X
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