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TMI Blog2018 (2) TMI 1978X X X X Extracts X X X X X X X X Extracts X X X X ..... re squarely covered by the aforesaid decisions of the Hon ble High Courts in CIT Vs. Max India Ltd [ 2016 (11) TMI 1012 - PUNJAB AND HARYANA HIGH COURT] and CIT Vs. Kapson Associates [ 2015 (8) TMI 1277 - PUNJAB AND HARYANA HIGH COURT] Disallowance is restricted to 6.43 lacs u/s 14A of the Act that has been suo motu offered by the assessee. Any further disallowance made by the Assessing officer or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Income-tax Act, 1961 (in short 'the Act') at ₹ 13.95 lacs making thereby an addition of ₹ 7.51 lacs. 3. Being aggrieved by the order of Assessing officer the assessee preferred appeal before Ld. CIT(A). The Ld. CIT(A), however, confirmed the addition so made by the Assessing officer. The assessee has, thus, come in appeal before us. 4. We have heard the rival contentions. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cted under those circumstances. The Ld. Counsel has further submitted that even otherwise, the assessee has already suo motu offered a disallowance of ₹ 6.43 lacs and that in view of the above proposition of law, no further disallowance should have been made. 5. After considering the rival submissions, we find merit in the submissions of the Ld. AR of the assessee as the facts and issue inv ..... X X X X Extracts X X X X X X X X Extracts X X X X
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