2014 (4) TMI 1261

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e appeal filed by the Revenue is against the order of the Commissioner of Income Tax (Appeals)-II, Ludhiana dated 14.10.2013 relating to assessment year 2001-02 against the order passed under section 143(3) of Income Tax Act, 1961 (in short 'the Act'). 2. The Revenue has raised the following grounds of appeal: "1. That the Ld. CIT(A) has erred in law and facts in allocating the expenses of Rs. ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ediately preceding year similar disallowance has been upheld by the Hon'ble Punjab & Haryana High Court in assessee own case in ITA No.141 of 2012, decided on 31.7.2013. 5. The learned D.R. for the Revenue placed reliance on the order of the Assessing Officer. 6. We have heard the rival contentions and perused the record. The issue arising in the present appeal is against the disallowance of....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....free assets on the other hand. However, we uphold the order of the CIT (Appeals) in disallowing Rs. 1 lac on account of administrative expenses as being attributable to the earning of tax free income. We further find that similar disallowance of Rs. 1 lac in assessee's hands was made in the preceding year and the order of the Tribunal has been upheld by the Hon'ble Punjab & Haryana High Court ....