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Commissioner of Income Tax-6 Versus M/s. Hanil Era Textiles Ltd.

2015 (4) TMI 880 - BOMBAY HIGH COURT

Deduction u/s 14A - Held that:- We do not think, upon reading of the Tribunal's order, that it is vitiated by any error of law apparent on the fact of the record. It cannot be termed as perverse because in the return of income declaring total inc .....

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961. We are only concerned here with the dividend.

The Assessing Officer held that certain amount of administrative expenditure was attributable towards earning the dividend income and difficult to accept the contention of the Assessee th .....

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even if the Assessing Officer's view is to be maintained, still, the entire claim could not have been disallowed. The Tribunal had taken earlier view that 10% of the dividend earned should be treated as expenditure incurred. Thus, in earning the .....

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case of Godrej and Boyce Manufacturing Co. Ltd. (2010 (8) TMI 77 - BOMBAY HIGH COURT) has not been interfered with in Appeal by the Tribunal. - Decided in favour of assessee. - Income Tax Appeal No. 1446 of 2013 - Dated:- 7-4-2015 - S. C. Dharmadhika .....

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Tax Appeal No. 4128/Mum/2011.The assessment year in question is 2007-08. 2. Mr. Suresh Kumar appearing for the Revenue in support of this Appeal would submit that the question of law at page 3 of the paper book [para 3.8 (a)] is the substantial quest .....

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e disallowance was made out of interest expenditure in proportion of interest attributable to investment related to exempt income. 3. We do not think, upon reading of the Tribunal's order, that it is vitiated by any error of law apparent on the f .....

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as long term capital gains, which has been claimed as exempt under section 10 of the Income Tax Act, 1961. We are only concerned here with the dividend. The Assessing Officer held that certain amount of administrative expenditure was attributable tow .....

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ad with Rule 8D of the Income Tax Rules, 1962. This order of the Assessing Officer dated 14th December, 2009 was partly set aside in Appeal by the Commissioner. The Commissioner held that even if the Assessing Officer's view is to be maintained, .....

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