Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (6) TMI 1613 - ITAT CHENNAIAddition u/s 14A r.w.r 8D - whether assessee had not directly or indirectly incurred any expenditure to earn exempt income? - HELD THAT:- In support of its claim, the assessee submitted a cash flow statement for FY 2006-07 which was not filed before the CIT(A). Further, some of the plea taken by the assessee before us, like the investment made was for controlling interest etc., was not taken before the lower authorities. In the facts and circumstances, we deem it fit to remit this issues back to the AO for a fresh examination. The assessee shall place all the materials in its support before the AO and comply to the AO’s requirements as per law. The A O is free to conduct appropriate enquiry as deemed fit, but he shall furnish adequate opportunity to the assesssee on the material etc to be used against it and decide the matter in accordance with law. In the result, the corresponding grounds of the assessee are treated as allowed for statistical purposes.
|