Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (6) TMI 1621 - AT - Income TaxDisallowance u/s 14A - HELD THAT:- It is not in dispute that during the year under consideration, the assessee was not having any exempt income, therefore, in view of the decision of CHEMINVEST LIMITED VERSUS COMMISSIONER OF INCOME TAX-VI [2015 (9) TMI 238 - DELHI HIGH COURT] CIT(A), no disallowance is warranted. Accordingly, we upheld the action of CIT(A) for deleting the disallowance made u/s.14A. Expenditure incurred on gift / diwali puja expenses etc disallowed- HELD THAT:- This issue has also been decided by this Tribunal in assessee’s own case, which has been followed by CIT(A). Respectfully following the order of the Tribunal in assessee’s own case for A.Y.2006-07[2012 (11) TMI 1245 - ITAT MUMBAI] we do not find any infirmity in the order of CIT(A) for confirming the disallowance, in both the years under consideration.
|