2021 (3) TMI 691

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..... gainst the revenue by a Bench of this Court in Commissioner of Income-tax-III Vs. Subhash Kabini Power Corporation Ltd.,[ 2016 (5) TMI 793 - KARNATAKA HIGH COURT ] The aforesaid statement made by the learned counsel for the assessee could not be disputed by the learned counsel for the revenue. - Decided in favour of assessee. - I.T.A. NO.1056 OF 2017 - - - Dated:- 16-2-2021 - THE HON BLE MR .....

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..... khs made under Section 14A read with Rule 8D of the Act by relying on the decision of Delhi High Court in case of M/s Chemnivest Ltd., even when CIT(A) had rightly confirmed the disallowance and without appreciating the Board s Circular No.5 of 2014 dated 11.02.2014, whereby it is stipulated that Section 14A attracts even when there is no exempt income earned by assessee during the current financi .....

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