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1 - 5 of 5 (0.21 seconds)Exide Industries Ltd. vs Union Of India . on 7 January, 2015
In view of the above and respectfully following the coordinate bench
decision in the case of J.K. Investors (Bombay) Ltd., supra, we uphold the
order of CIT(A)."
Commissioner Of Income Tax vs Ashish Jhunjhunwala on 8 January, 2014
In CIT Vs. Ashish Jhunjhunwala in
G.A. No.2990 of 2013 in ITAT No. 157 of 2013 dated 08.01.2014 rendered by
Hon'ble Calcutta High Court, the Hon'ble court upheld order of the ITAT which held
that disallowance under Sec.14A of the Act made by the AO without rejecting claim
of the Assessee was bad in law. The following was the decision of the Tribunal which
was upheld by the Hon'ble Calcutta High Court:-
Commissioner Of Income Tax vs M/S. R E I Agro Ltd on 9 April, 2014
The Hon'ble Calcutta High Court in the case of CIT Vs. R.E.I.Agro Ltd., in GA 3022
of 2013 in ITAT 161 of 2013 dated 23.12.2013 also took identical view. The
aforesaid two decisions by the Hon'ble jurisdictional High Court are binding on this
Tribunal. Hence, we hold that the action of the AO in directly embarking on Rule
8D(2) of the rules was not proper and hence the disallowance under rule 8D(2)(iii) of
the Rules is also directed to be deleted. The relevant ground of appeal is allowed.
The Coinage Act, 2011
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