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2022 (8) TMI 1138 - HC - Income TaxDisallowance u/s 14A r.w.r. 8D - Whether nexus between loan taken and investment made is found? - HELD THAT:- As pointed out by the Hon’ble Division Bench in M/S BINANI INDUSTRIES LTD. [2016 (9) TMI 1635 - ITAT KOLKATA] there is a specific finding recorded by the Tribunal that the Assessing Officer had failed to establish that party funds were utilized for the purpose of acquiring shares and in view of availability of own funds with the assessee the expenditure ought not to have been disallowed. This being the finding of fact the Hon’ble Division Bench held that the order of the Tribunal does not suffer from any perversity. The said finding and observation will squarely cover the case on hand. Therefore, we find no grounds to admit this appeal.
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