Ram Infrastructure Ltd.,, Jalgaon vs Joint Cit, Range-2, Jalgaon on 30 December, 2016
11. The Co-ordinate Bench of the Tribunal in the case of Hari
Infrastructure Pvt. Ltd. Vs. Dy. CIT (supra) has already decided the
issue with respect to disallowance u/s. 14A has accepted the
contentions of the assessee in respect of disallowance u/s. 14A on both
the grounds. Thus, in view of the facts of the case, the order of Co-
ordinate Bench and the CBDT Circular, we direct the Assessing Officer
to delete the disallowance made u/s. 14A of the Act. Accordingly,
ground Nos. 2 and 4 raised in the grounds of appeal by the assessee
are allowed.