TMI Blog2014 (3) TMI 1030X X X X Extracts X X X X X X X X Extracts X X X X ..... allowed in respect of expenditure incurred by the assessee in relation to such income which does not form part of the total income under the Act, by virtue of the provisions of Section 14A(1) - The company is chargeable to tax on its profits as a distinct taxable entity and it pays tax in discharge of its own liability and not on behalf of or as an agent for its shareholders. In the hands of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsistent with all the relevant facts and circumstances after furnishing a reasonable opportunity to the assessee to place all germane material on the record. - INCOME TAX APPEAL NO.1105 OF 2012 - - - Dated:- 11-3-2014 - <!--[if gte mso 9]> <![endif]--> <!--[if gte mso 9]> Normal 0 false false false EN-IN X-NO ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0cm; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... raph 4(C) is concerned, what we find is that the Tribunal has followed the judgment and order in the assessee's own case for the assessment year 2005-2006. The view taken consistently has been reproduced at paragraph (7) (at page 38 39) of the paper book. We do not find that the Tribunal, in peculiar facts and circumstances of the case, has committed any error of law in following its own ord ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
