2017 (12) TMI 1691

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..... filed by the assessee challenging the order dated 30.11.2015 passed by the ld.CIT(A)-14, Mumbai for the assessment year 2011-12. At the outset, we would like to mention here that neither the assessee nor his authorized representative appeared before this Tribunal when the appeal was called for hearing nor any application seeking adjournment of the hearing was received in the office of the Tribun .....

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..... rking of disallowance under section 14A of the Act. The assessee furnished details under rule 8D(2)(iii) calculating disallowance at Rs. 52,59,295/-. However, the AO calculated the disallowance at Rs. 76,10,449/- u/r 8D(2)(ii) and (iii) which was restricted to Rs. 65,80,214/- after taking into account the expenses claimed by the assessee as well as suo motu disallowance of Rs. 1,15,612/- as has be .....

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..... e worked out on proportionate method under rule 8D(2)(iii) and determined disallowance at Rs. 35,120/- applying the proportionate method on the total income and dividend income earned and total expenses in the current year. The only difference in the facts are with regard to the quantum of amount of dividend income earned and the quantum of expenses. 6. Considering the decision of the Co-ordinat .....

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