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TMI Blog2017 (5) TMI 1810X X X X Extracts X X X X X X X X Extracts X X X X ..... low the entire amount as it has happened in this case as per assessment order. Therefore, we are of the opinion that as the exempt income itself is Rs. 1700/- only the disallowance cannot exceed that sum. Hence, no further disallowance can be made. Therefore, the appeal of the revenue is deserves to be dismissed. - ITA No. 4706/Del/2014 - - - Dated:- 31-5-2017 - SHRI I.C. SUDHIR, JUDICIAL MEMB ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the case and in law, the ld CIT(A) has ignored that the disallowance was made according to the section 14A read with Rule 8D of the Income Tax Rule? 2. Whether on the facts and circumstances of the case and in law, the ld CIT(A) has ignored that the facts of Asstt. Year 2011-12 are not similar to the asstt. Year 2009-10? 3. The brief facts of the case is that the assessee company filed i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der of the ld CIT(A). 5. We have carefully considered the rival contentions and also perused the orders of the lower authorities. Admittedly no disallowance has been made by the assessee despite earning exempt income of Rs. 1700/-. Therefore, the provisions of Rule 8D shall apply and disallowance needs to be recomputed. The ld first appellate authority has recomputed the disallowance under Rule ..... X X X X Extracts X X X X X X X X Extracts X X X X
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