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TMI Blog2020 (10) TMI 147X X X X Extracts X X X X X X X X Extracts X X X X ..... C For Respondents : No appearance Judgment was delivered by T.S. SIVAGNANAM,J This appeal, filed by the Revenue under Section 260A of the Income Tax Act, 1961 ('the Act' for brevity), is directed against the order dated 25.4.2018 passed by the Income Tax Appellate Tribunal, Bench 'B' Chennai (for short, the Tribunal) in I.T.A.No.2048/Chny/ 2017 for the assessment year 2011-12. 2. The ab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3/-. 4. Not being satisfied with the claim that no expenditure was incurred for investment during the year for earning exempted income, the Assessing Officer disallowed the amount of Rs. 3,64,27,793/- as per Rule 8D(2)(ii) of the Income Tax Rules (for brevity, the Rules) and another amount of Rs. 69,70,172/- as per Rule 8D(2)(iii) of the Rules and accordingly, the assessment was completed by orde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... first respondent - assessee is in the process of being liquidated and the Hon'ble Mr. Justice S. Rajeswaran, former Judge of this Court has been appointed as the Administrator and one Mr.S.Ulaganathan, advocate is appearing on behalf of the Hon'ble Administrator. In order to give an effective disposal, the learned Official Liquidator was suo motu impleaded as the second respondent by the e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al can decide the matter afresh on merits after giving an opportunity to the Hon'ble Administrator represented by his counsel to put forth their submissions. For such a reason alone, we are inclined to interfere with the impugned order. 9. Accordingly, the above tax case appeal is allowed, the impugned order is set aside and the matter is remanded to the Tribunal. The Tribunal is direc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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