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2013 (6) TMI 248 - AT - Income TaxAddition u/s 14A r.w.r. 8D - CIT(A) deleted the addition - Held that:- CIT (A) has not given plausible basis for estimating the administrative expenses at the rate of 0.1% of the total value of purchases and sales of the shares of the group companies at Rs.65,49,99,000/- resulting in disallowance of Rs.6,54,999/- against Rs.22,17,677/- made by the AO. Thus while setting aside the first appellate order in this regard remand the matter to the file of the AO to decide the issue afresh keeping in view the decision of Maxopp Investment Ltd. Vs. CIT (2011 (11) TMI 267 - Delhi High Court) and after affording proper opportunity of being heard to the assessee.
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