TMI Blog2019 (5) TMI 1425X X X X Extracts X X X X X X X X Extracts X X X X ..... I 1361 - PUNJAB AND HARYANA HIGH COURT] Disallowance u/s 14A r.w.r. 8D - HELD THAT:- Issue covered by the decision of this Court in Commissioner of Income Tax, Jalandhar-I, Jalandhar v. M/s Max India Limited [ 2016 (11) TMI 1012 - PUNJAB AND HARYANA HIGH COURT]. - ITA-348-2018 (O&M) - - - Dated:- 8-5-2019 - MR AJAY KUMAR MITTAL AND MRS MANJARI NEHRU KAUL, JJ. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sessment year 2011-12, claiming the following substantial questions of law:- ( i) Whether on the facts and in the circumstances of the case, the Hon'ble ITAT erred in law in deleting the disallowance of bank charges of ₹ 25,24,786/- paid for processing of the working capital loan? ( ii) Whether on the facts and in the circum ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... II. Bank charges of ₹ 25,24,786/- under Section 37(1) of the Act; III. Interest of ₹ 4,61,160/- on investment in Capital Work in Progress under Section 36(1)(iii) of the Act; IV. ₹ 1,85,200/- on account of Wealth Tax debited to P L Account; V. ₹ 4,04,091/- on account of capitalization of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 21.12.2017 (Annexure-3) dismissed the appeal. Hence, the present appeal by the revenue. 5. We have heard learned counsel for the revenue. 6. It was not disputed by the learned counsel for the revenue that question No. (i) is covered by the judgment of this Court in ITA No. 209 of 2015 (The Principal Commissioner of Income Tax-3, Ludhiana v. M/s Malwa Industrie ..... X X X X Extracts X X X X X X X X Extracts X X X X
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