TMI Blog2017 (12) TMI 1691X X X X Extracts X X X X X X X X Extracts X X X X ..... iii) and determined disallowance at ₹ 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. Considering the decision of the Co-ordinate Bench of the Tribunal and the overall expenses as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... essee 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 Tribunal despite service of notice through RPAD. Therefore, we proceed to dispose of the appeal of the assessee ex-parte on merit after hearing the ld.DR. 3. The only issue raised by the asses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... O calculated the disallowance at ₹ 76,10,449/- u/r 8D(2)(ii) and (iii) which was restricted to ₹ 65,80,214/- after taking into account the expenses claimed by the assessee as well as suo motu disallowance of ₹ 1,15,612/- as has been given in para 4.3 of the assessment order. In the appellate proceedings, the ld.CIT(A) partly allowed the appeal of the assessee by sustaining the di ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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-ordinate Bench of the Tribunal and the overall expenses as well as the income and total income of the assessee, we are of the view that ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
