Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (2) TMI 695 - ITAT CHANDIGARHDisallowance u/s 14A r.w.r. 8D - sufficiency of own funds - Held that:- As decided in THE A.C.I.T., PANCHKULA CIRCLE, PANCHKULA VERSUS M/S JANAK GLOBAL RESOURCES PVT. LTD. [2018 (12) TMI 902 - ITAT CHANDIGARH] wherein deleting the disallowance of interest made on finding that it had sufficient own interest free funds for making the investment, which fact has not been controverted by the Revenue, we see no reason to interfere in the order of the Ld. CIT(Appeals) and the ground raised by the Revenue, therefore, is dismissed. - Decided in favour of assessee
|