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2015 (10) TMI 2816 - AT - Income TaxDisallowance u/s 14A r.w. Rules 8D(2)(ii) - HELD THAT:- As decided in own case [2015 (5) TMI 727 - ITAT DELHI] sole ground of the assessee is allowed with a direction to the AO that the disallowance u/s 14A read with Rule 8D(iii) of the I.T. Rules should also be made for the year under consideration in this appeal i.e. for A.Y. 2008-09 and the AO is also directed to give set off of amount of suomoto disallowance already made by the assessee in the computation of returned income. We, therefore, by respectfully following the aforesaid referred to order restored this issue back to the file of the AO to be decided in accordance with the directions given vide order dated 20.05.2015 in assessee’s own case [2015 (5) TMI 727 - ITAT DELHI] for the assessment year 2008-09. Disallowance on account of diminution in value of fertilizer bonds - assessee received Fertilizers Companies, Government of India, Special Bonds against the fertilizer subsidy from the Government of India, as per Scheme, against the sale of fertilizer - HELD THAT:- As decided in own case [2015 (5) TMI 727 - ITAT DELHI] for the assessment year 2008-09 e fertilizer bonds received by the assessee in lieu of cash subsidy also deserves to be given the same treatment as foreign exchange because foreign exchange is also received in lieu of cash/Indian National Rupee (INR) and the same is also shown as current trading assets in the books of accounts as per well accepted accounting principles. - Decided against revenue.
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