Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (12) TMI 1870 - AT - Income TaxDisallowance u/s 40A(7)(b) - HELD THAT:- The co-ordinate Bench of this Tribunal in the immediately preceding assessment year in assessee’s own case restored this issue to the file of the Assessing Officer for adjudication afresh. Following the said order of this Tribunal, we restore this issue to the file of the Assessing Officer, who shall decide the issue afresh following the direction of the co-ordinate Bench [2013 (3) TMI 869 - ITAT CHENNAI] Deduction u/s 10B - CIT-A directed recompute the deduction by excluding freight and clearing expenses and business development fee from export turnover and total turnover also - HELD THAT:- CIT-A correctly following the Special Bench decision in the case of ITO Vs. Sak Soft Ltd. (2009 (3) TMI 243 - ITAT MADRAS-D] directed the Assessing Officer to reduce the said amounts from the total turnover also for the purpose of computation of deduction under section 10A. Disallowance u/s 14A r.w.r. 8D - As argued assessee has not earned any dividend income - HELD THAT:- On going through the decision of the co-ordinate Bench of this Tribunal in the case of M.Baskaran [2015 (3) TMI 192 - ITAT CHENNAI] we find that the issue in appeal is squarely covered by the said decision wherein the Tribunal held that when the assessee has not earned dividend income, disallowance under section 14A is not warranted.
|