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2017 (1) TMI 1612 - AT - Income TaxDisallowance u/s 14A r.w. rule 8D - Disallowance towards delayed payment of employee contribution of ESI and PF. - Held that:- We have considered the rival submissions and perused the material available on record including the orders passed by the Coordinate Benches in earlier years. Admittedly, there are no changes in the facts and circumstances of the case nor is there any change in the legal position. No contrary authority has been brought to the notice of the Bench other than what have been considered by the Coordinate Benches in earlier years. Further, the decisions of the Coordinate Benches against which the Revenue is in further appeal before the Hon’ble Rajasthan High Court has not been stayed by the Hon’ble Rajasthan High Court. Hence, following the decision for earlier years, decided in favor of assessee.
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