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2014 (6) TMI 409 - HC - Income TaxDisallowance made u/s 14A of the Act – Held that:- The Tribunal has restored the proceedings back to the AO for working out the amount of disallowance – The AO made a disallowance of Rs.37,60,774.00 inclusive of a disallowance of Rs.87,285.00 out of interest expenditure and the balance of Rs.36,73,516.00 on account of administrative expenses - the disallowance on account of interest expenditure was not sustainable but restored the disallowance in respect of the balance to the AO - since the matter has been restored to the AO, thus, no substantial question of law arises for consideration – Decided against Assessee. Disallowance of petty sums of commission – Held that:- The Tribunal has furnished cogent reasons - The assessee had paid commission to nine individuals - no details regarding the services rendered were filed by the assessee nor was any confirmation in respect of the commission filed - The AO made the disallowance holding that in the absence of details regarding these items of petty commission paid by the assessee, it was unverifiable and was liable to be disallowed - Tribunal was of the view that the CIT (A) has totally failed to dislodge the main objection of the AO that no details were provided by the assessee and no confirmation had been obtained from the nine persons – thus, no substantial question of law arises for consideration – Decided against Assessee.
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