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TMI Blog2022 (3) TMI 1120X X X X Extracts X X X X X X X X Extracts X X X X ..... ri S.P. Walimbe ORDER PER S.S. VISWANETHRA RAVI, JM : This appeal by the assessee against the order dated 31-10-2018 passed by the Commissioner of Income Tax (Appeals)-9, Pune ['CIT(A)'] for assessment year 2014-15. 2. The assessee raised two grounds of appeal amongst which the only issue emanates for our consideration is as to whether the CIT(A) is justified in confirming the addition made by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... maintainable and direct the AO to restrict the disallowance to exempt income. The ld. DR relied on the order of CIT(A). 4. We find the AO discussed the issue at Para No. 5 wherein, we note that the assessee earned dividend income of Rs. 100/- and claimed as exempt u/s. 10(34) of the Act. The AO asked the assessee to explain why expenses be disallowed as per Rule 8D of the Rules. In response, the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f M/s. Nirved Traders Pvt. Ltd. (supra) vide its order dated 23-04-2019 while considering its own order in the case of HSBC Invest Direct (India) Ltd. along with the decision of Hon'ble High Court of Gujarat in the case of Corrtech Energy (P.) Ltd., Hon'ble High Court of Delhi in the case of Cheminvest Ltd. and the Hon'ble High Court of Karnataka in the case of Pragati Krishna Gramin Bank answered ..... X X X X Extracts X X X X X X X X Extracts X X X X
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