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The Commissioner of Income Tax, Salem Versus M/s Thriveni Earth Movers Pvt Ltd

2016 (3) TMI 373 - MADRAS HIGH COURT

Disallowance made under Section 14A read with Rule 8D - Tribunal setting aside the appellate order and directing the Assessing Officer to redo the disallowance - Held that:- The appeal does not involve any substantial questions of law. In the order o .....

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not a question of law that could arise for our consideration under Section 260A. - Decided against revenue - T.C.A. No. 109 of 2016 - Dated:- 15-2-2016 - V Ramasubramanian And N Kirubakaran, JJ. For the Appellant : Mr. T R Senthilkumar For the Respo .....

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e case, the Appellate Tribunal was right in setting aside the appellate order and directing the Assessing Officer to redo the disallowance made under Section 14A read with Rule 8D, when the Assessing Officer had correctly done disallowance as per the .....

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s and the extent of borrowed funds and the extent of exempted income earned by the assessee, which are not provided under Rule 8D of the Income Tax Rules, 1962 ?" 2. Heard Mr.T.R.Senthilkumar, learned counsel for the appellant/ Revenue. 3. The a .....

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he amount was added to the income of the assessee. 4. The assessee filed an appeal before the Commissioner of Income Tax (Appeals), who allowed the appeal partially and remitted the matter back to the Assessing Officer in respect of certain items. Th .....

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e, the Tribunal set aside the orders of the Lower Authorities and remitted the matter back to the Assessing Officer for finding out the interest free funds available with the assessee including the profits and the extent of borrowed funds. 5. In so f .....

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