2019 (9) TMI 1207

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..... P. K. Bhowmick, Adv. And Mr. Arunabha Ganguly, Adv. ORDER The Court : We have taken on record the reformulated proposed substantial questions of law arising in this appeal. They are as follows: (i) Whether in a case where employees perform multiple functions, one of which is handling investments, the apportioned salary and expenses offered for disallowance under section 14A of the Income Tax .....

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..... had directed the appellant's advocate on record to serve notice on the respondent. By consent of the parties, we have heard out the appeal. On the facts and in the circumstances of the case, we feel that the above questions of law should be referred to the tribunal. On remand, it shall decide both the legal and factual issues arising out of Section 14A of the Income Tax Act, 1961 as contained .....

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