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2020 (11) TMI 1027 - AT - Income TaxExemption u/s 11 - payment of Income Tax as paid on deemed income u/s 11(3) for A.Y. 2013-14 to be allowed as a deduction or application of the income of the current year - CIT-A held AO was right in law in disallowing payment of income tax of ₹ 2,16,50,650/- paid on deemed income u/s 11(3) for A.Y. 2013-14 as application of income or deduction of the income of the current year - HELD THAT:- Referring to thoughtful consideration to the finding of the Ld. CIT(A), we do not see any infirmity into the order of Ld. CIT(A). As in the present case, it is not the case of the change of accounting system. The facts are distinguishable, therefore, no interference in the finding of the Ld. CIT(A) is called for. Thus, Grounds raised by the assessee are dismissed.
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