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TMI Blog2019 (5) TMI 1425X X X X Extracts X X X X X X X X Extracts X X X X ..... urt in The Principal Commissioner of Income Tax-3, Ludhiana v. M/s Malwa Industries Ltd., Ludhiana 2015 (9) TMI 1361 - PUNJAB AND HARYANA HIGH COURT] Disallowance u/s 14A r.w.r. 8D - HELD THAT:- Issue covered by the decision of this Court in Commissioner of Income Tax, Jalandhar-I, Jalandhar v. M/s Max India Limited [ 2016 (11) TMI 1012 - PUNJAB AND HARYANA HIGH COURT]. X X X X Extracts X X X X X X X X Extracts X X X X ..... ubstantial questions of law:- (i) Whether on the facts and in the circumstances of the case, the Hon'ble ITAT erred in law in deleting the disallowance of bank charges of ₹ 25,24,786/- paid for processing of the working capital loan? (ii) Whether on the facts and in the circumstances of the case, the Hon'ble ITAT erred in law in deleting the disallowance of ₹ 2,84,91,705/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in Progress under Section 36(1)(iii) of the Act; IV. ₹ 1,85,200/- on account of Wealth Tax debited to P&L Account; V. ₹ 4,04,091/- on account of capitalization of building repair expenses; and VI. ₹ 2,86,58,780/- under Section 14A of the Act read with Rule 8D of the Income Tax Rules. 4. Feeling aggrieved by the order, Annexure-1, the assessee filed an appeal before th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f this Court in ITA No. 209 of 2015 (The Principal Commissioner of Income Tax-3, Ludhiana v. M/s Malwa Industries Ltd., Ludhiana) decided on 26.8.2015 whereas question No. (ii) is covered by the decision of this Court in ITA No. 186 of 2013 (Commissioner of Income Tax, Jalandhar-I, Jalandhar v. M/s Max India Limited) decided on 6.9.2016, wherein both the appeals filed by the revenue were dismissed ..... X X X X Extracts X X X X X X X X Extracts X X X X
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