2023 (10) TMI 1384

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..... l with Mr Ashvini Kumar and Mr Rishabh Nangia, Advs. For the Respondent : Mr Rajat Navet, Adv. ORDER [Physical Hearing/Hybrid Hearing (as per request)] CM Appl.55123/2023 1. Allowed, subject to just exceptions. CM Appl.55111/2023 [Application moved on behalf of the appellant/revenue seeking condonation of delay of 07 days in filing the appeal] 2. This is an application moved on behalf .....

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..... - made u/s 14A r.w. rule 8D of the Act only on following the decision of Hon'ble Supreme Court in case of Maxopp Investment Vs CIT by ignoring the fact that the assessee earned exempt income of Rs.11,59,04 ,869 /- during the year and the provisions u/s 14A were mandatory provisions to arrive at correct real income, it was necessary to apportion the expenditure between taxable and non taxable incom .....

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..... of the case Hon'ble ITAT is legally justified in deleting the disallowance of Rs.2153.02 cr u/s 36(1)(vii) by ignoring first proviso as well as clarificatory provision of Explanation 2 to section 36(1)(vii)? E. Whether on the facts and circumstances of the case Hon'ble ITAT erred in deleting additions made u/ s 115JB without appreciating that MAT provision is also applicable on Banking company .....

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