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TMI Blog2020 (2) TMI 732X X X X Extracts X X X X X X X X Extracts X X X X ..... hat arises from the investment, needs to be considered for the purpose of section 14A of the Income Tax Act, 1961? - HELD THAT:- Appellant submits that the above two questions have been decided by the Supreme Court against the revenue and in favour of the assessee in CIT v/s. Essar Teleholdings Ltd. [ 2018 (2) TMI 115 - SUPREME COURT] . That apart, on identical issue Delhi High Court upheld the or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the revenue against the order dated 20.12.2016 passed by the Income Tax Appellate Tribunal, "D" Bench, Mumbai ("Tribunal" for short) in Income Tax Appeal No. 2067/Mum/2015 for the Assessment Year 2009-10. 3. Though 4 questions were formulated by the appellant as substantial questions of law, Mr. Kotangle submits that the following questions correctly reflect the controversy in question : (a) Wh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y the Court Mr.Kotangle, learned counsel for the appellant submits that the above two questions have been decided by the Supreme Court against the revenue and in favour of the assessee in CIT v/s. Essar Teleholdings Ltd., 401 ITR 445. That apart, on identical issue Delhi High Court upheld the order passed by Tribunal that in the absence of any exempt income, disallowance under Section 14-A of the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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