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2019 (10) TMI 717 - AT - Income TaxDisallowance under section 14A - HELD THAT:- Hon'ble Supreme Court in a recent judgment, in group of cases titled as Maxopp Investment Ltd. Vs CIT [2018 (3) TMI 805 - SUPREME COURT] has decided vital issues concerning disallowance u/s 14A, the benefit of which was not available to the lower authorities at the time of adjudicating this issue. Therefore, respectfully following the judgment of co-ordinate bench of this Tribunal in earlier years and in the light of recent judgment by Hon'ble Supreme Court, the matter stand remitted back to the file of Ld. AO on similar lines with similar conclusion. Disallowance to the book profit under section 115JB - HELD THAT:- Considering the fact that we have restored the ground of appeal related to the disallowance under section 14A to the file of Assessing Officer. Accordingly, this ground of appeal is also restored back to the file of Assessing Officer with the direction to compute the book profit under section 115JB by following the decision of special bench of Delhi Tribunal in ACIT vs. Vireet Investment Pvt. Ltd. [2017 (6) TMI 1124 - ITAT DELHI] . Hence, this ground of appeal is allowed for statistical purpose.
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