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TMI Blog2015 (8) TMI 1558X X X X Extracts X X X X X X X X Extracts X X X X ..... For the Assessee : Shri Jai Karan Singh ORDER PER BHAVNESH SAINI,JM The department appeal as well as Cross Objection by assessee are directed against the order of ld. CIT(Appeals)-II Ludhiana dated 15.10.2014 for assessment year 2011-12. 2. The departmental appeal is filed on the following grounds : 1) Whether on the facts and in the circumstances of case the Ld. CIT(A) has erred in follo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3. The ld. counsel for the assessee did not press Cross Objection filed by the assessee and seeks permission to withdraw the same. The Cross Objection of the assessee is therefore, dismissed as withdrawn. 4. The ld. counsel for the assessee, at the outset submitted that the issue in the departmental appeal is covered in favour of the assessee by order of the Tribunal relating to assessment year 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3,20,946/-. As the assessee had himself disallowed an amount of Rs. 1,15,24,217/- in the return of income, Assessing Officer disallowed the remaining amount of Rs. 77,96,729/- for computing the income under normal provisions. Similarly, for computing the book profit under section 115JB, the Assessing Officer computed the disallowance under Rule 8D at Rs. 1,86,01,030/-. As the assessee had himself ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssment year 2010-11 dated 06.06.2011 (supra) in which on identical grounds, the Tribunal dismissed the departmental appeal following the order of the Tribunal in earlier years. 7. In the result, departmental appeal is dismissed. 8. In the result, departmental appeal is dismissed and Cross Objection of the assessee is dismissed as withdrawn. Order pronounced in the Open Court on 21st August,2015 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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