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TMI Blog2020 (9) TMI 274X X X X Extracts X X X X X X X X Extracts X X X X ..... nt : Shri. A R V Sreenivasan, JCIT ORDER PER S. JAYARAMAN, ACCOUNTANT MEMBER : The assessee filed this appeal against the order of Commissioner of Income Tax (Appeals)-1, Madurai, in ITA No. 101/2016-17 dated 28.01.2019 for assessment year 2013-14. 2. M/s. S. Annamalai, a big HUF. While making the assessment for assessment year 2013-14, the assessee claimed dividend income at Rs. 1,59,954/-. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... i.e., in the assessment year 2012- 13 and the Income Tax Officer verified the nexus of the interest expenses with purchase of land and hence disallowed the entire interest expenditure of Rs. 9,46,855/- in the assessment made for the assessment year 2012-13 u/s. 143(3) dated 21.03.2015. The Assessing Officer has also failed to consider the facts that in the computation statement, though the assesse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nvestment which earned exempt income and it has not claimed any interest expenditure as an expenditure from any of its income and therefore, section 14A r.w.r. 8D is not applicable. Since these aspects have not been examined, we are of the view that this issue requires a fresh examination. Therefore, we remit the issue back to the AO for a fresh examination. The assessee shall lay relevant materia ..... X X X X Extracts X X X X X X X X Extracts X X X X
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