2020 (1) TMI 121

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....JCIT Respondent by: None ORDER PER N.R.S. GANESAN, JUDICIAL MEMBER: The Revenue has filed the appeal against the order of the Commissioner of Income Tax (Appeals)-6, Chennai, dated 15.09.2017, for the assessment year 2007-08. The assessee has also filed cross-objection against the very same order of the CIT(Appeals). Therefore, we heard the appeal of the Revenue and the cross-objection of ....

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....e CIT(Appeals). Even in respect of investments made in subsidiary company, there was no exempt income earned by the assessee. therefore, there is no question of any addition / disallowance with regard to expenditure. Therefore, this Tribunal do not find any reason to interfere with the order of the lower authority and accordingly the same is confirmed. 4. The next issue arises for consideration ....

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....al do not find any reason to interfere with the order of the lower authority and accordingly the same is confirmed. 6. Now coming to the cross-objection filed by the assessee, the only issue raised in the cross-objection is with regard to leave encashment to the extent of Rs. 14,41,057/-. 7. The Assessing Officer as well as the CIT(Appeals) disallowed the provision for leave encashment on the ....