2018 (7) TMI 2321 - ITAT BANGALORE

Disallowance u/s. 14A - HELD THAT:- We direct the AO to recompute the amount of disallowance u/s. 14A by following this decision of Vireet Investment (P) Ltd [2017 (6) TMI 1124 - ITAT DELHI] if any judgement of any High Court is available by the time the issue is decided by the AO then the same may also be considered for deciding this issue. Accordingly, this issue is decided in favour of the assessee for statistical purposes.

Non-granting of TDS credit - HELD THAT:- AO has made addition of interest income and the AO has noted that TDS was deducted against this income. But before allowing credit of TDS for this amount, it has to be seen whether TDS was paid to credit of Central Government by concerned deductors or not. Hence feel it proper to restore this matter also back to the file of AO for fresh decision on this aspect and to allow credit of such TDS as per law after providing adequate opportunity of being heard to the assessee.