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2019 (5) TMI 1791 - AT - Income TaxEnhancement made by CIT(A) - Assessment by entering into a new source of income - power of enhancement conferred on the ld. CIT(A) - HELD THAT:- CIT(A) has no power to enhance the assessment by introducing a new source of income which is not mentioned in the return of income by the assessee or considered by the Assessing Officer in an order appealed against and must confine himself only to those items of income which were the subject matter of the original assessment. Applying the propositions of law to the facts of this case, I have to agree with the submissions made by the ld. Counsel for the assessee. CIT(A) proposed to enhance the assessment by entering into a new source of income. Hence the enhancement is hereby cancelled. Disallowance u/s 14A - HELD THAT:- Following the judgment in the case of Commissioner Of Income Tax vs M/s Ashika Global Securities Ltd [2018 (7) TMI 1425 - CALCUTTA HIGH COURT] hold that no disallowance can be made u/s 14A of the Act, when there is no exempt income earned by the assessee during the year.
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