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2020 (10) TMI 49 - AT - Income TaxFinance expenses - Allowable business expenses - CIT(A) deleting the addition made on account of disallowance u/s 14A on the ground that no exempt income was received during the previous year which is against the CBDT circular No. 05/2014 - HELD THAT:- Appeal raised by the revenue are not emanating either from the AO’s order or from the CIT(A)’s order. DR also admitted that these grounds are not emanating from the assessment order, as the additions made by the AO were u/s 40(a)(ia) and 36(1)( va) of the Act and no disallowance/addition was made u/s 14A of the Act. In view of the same, the appeal of the revenue is dismissed as not maintainable. Appeal of the revenue is dismissed.
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