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2018 (5) TMI 2107 - AT - Income TaxDisallowance interest on interest fee advance - HELD THAT:- As decided in own case [2016 (7) TMI 1631 - ITAT DELHI] issue decided the issue in favour of the assessee. Disallowance u/s 14A read with Rule 8D - AO observed that the assessee has received tax free dividend income on long term trade investment and claimed the same as exemption u/s 10 (34) - Suo moto disallowance made by assessee - CIT (A) restricted the disallowance as disallowed by the assessee itself - HELD THAT:- Since, in the instant case also the assessee itself has disallowed an amount of ₹ 2.50 as against actual dividend of ₹ 1,70,096/- therefore, following the decision of the Tribunal in assessee’s own case in the immediately preceding assessment year which are in consonance with the decisions of Hon’ble Delhi High Court MAXOPP INVESTMENT LTD., CHEMINVEST & OTHERS [2011 (11) TMI 267 - DELHI HIGH COURT] find no infirmity in the order of the CIT(A). Accordingly the same is upheld and the ground raised by the revenue is dismissed.
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