9911796707
TMI Blog2019 (5) TMI 320X X X X Extracts X X X X X X X X Extracts X X X X ..... ELD THAT:- The issue involved in the appeal is covered by the judgment of Principal Commissioner of Income Tax-I, Chandigarh v. M/s Vardhman Chemtech Private Limited, Chandigarh [ 2018 (10) TMI 1037 - PUNJAB AND HARYANA HIGH COURT] wherein the appeal filed by the revenue against the deletion of disallowance under Section 14A of the Act read with Rule 8D of the Rules, was dismissed. - ITA-411 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... after referred to as the Tribunal ) in ITA No. 2681/DEL/2016, for the assessment year 2012-13, claiming the following substantial question of law:- Whether, on the facts and in the circumstances of the case and in law, the Hon'ble ITAT was right in upholding the finding of the CIT (Appeals) in deleting the addition made on account of disallowance u/s 14A of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1,95,62,312/- under Section 14A of the Act on tax free income of ₹ 10,76,553/- which was dividend income. Feeling aggrieved, the assessee filed an appeal before the Commissioner of Income Tax (Appeals) [for brevity the CIT(A) ]. The CIT(A) vide order dated 2.3.2016 (Annexure AII) allowed the appeal and deleted the disallowance of ₹ 1,95,62,312/- under Section 14A of the Act read with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... read with Rule 8D of the Rules, was dismissed. 6. Accordingly, the present appeals are also dismissed in terms of 7. CM-25089-CII-2018 has been filed under Section 5 of the Limitation Act, 1963 for condonation of 4 days' delay in filing ITA-424- 2018. Since the appeal has been dismissed on merits, no further orders are required to be passed in the applicati ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
