9911796707
TMI Blog2015 (10) TMI 2787X X X X Extracts X X X X X X X X Extracts X X X X ..... appeal, preferred by the assessee, is directed against the order dated 18-12-2013, passed by the ld. CIT(A)-XV, New Delhi in appeal no. 221/11-12/CIT(A)-XV, relating to A.Y. 2009-10. 2. Brief facts of the case are that the assessee, in the relevant assessment year was engaged in finance and leasing. It had filed its return of income declaring loss of Rs. 1,82,92,936/-. The AO noticed that assesse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... income has been received by the assessee company, thereby confirming the addition of Rs. 1,73,65,881/- made by the assessing officer u/s 14A of the Income Tax Act, resulting in reduction of returned Loss to that extent. 3. Without prejudice to appellant's above contention, the learned Commissioner of Income Tax (Appeals) erred in rejecting appellant's contention that the amount of disall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rs. 2,97,440/- as a disallowance under section 14A had to be rejected. Taikisha says that the jurisdiction to proceed further and determine amounts is derived after examination of the accounts and rejection if any of the assessee's claim or explanation. The second aspect is there appears to have been no scrutiny of the accounts by the AO, an aspect which is completely unnoticed by the CIT(A) and ..... X X X X Extracts X X X X X X X X Extracts X X X X
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