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2019 (5) TMI 1306 - AT - Income TaxDisallowance u/s 14A r.w.r. 8D - no exempt income is received or receivable during the previous year - HELD THAT:- On a perusal of the decision of the Coordinate Bench, we find that identical issue came up for hearing for the A.Y. 2011-12 wherein the Tribunal sustained the order of the CIT(A) in restricting the disallowance u/s. 14A r.w.r. 8D to the dividend income earned by the assessee during the relevant Assessment year. In view of the order of the Tribunal for the A.Y. 2011-12 [2019 (3) TMI 1583 - ITAT MUMBAI] and the facts being identical, we uphold the order of the CIT(A) in restricting the disallowance u/s. 14A r.w. Rule 8D to the dividend income earned by the assessee during these three Assessment years which are under appeal before us. Accordingly, we sustain the order of the CIT(A) and uphold the findings. Grounds raised by the Revenue are dismissed.
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