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1 - 4 of 4 (0.21 seconds)Joint Investments Pvt Ltd vs Commissioner Of Income Tax on 25 February, 2015
Reliance in this regard is placed on the decision of the Hon'ble Delhi High
Court in the case of Joint Investments (P) Ltd vs CIT reported in 372 ITR 694 (Del).
Since the assessee itself had voluntarily disallowed a sum of Rs 1,37,25,202/-, we direct
the ld AO not to make further disallowance beyond that amount under normal
provisions of the Act. Accordingly, the grounds 1 to 2 raised by the assessee on non-
recording of satisfaction by the ld AO are dismissed. The Grounds 3 and 4 raised by the
assessee are allowed.
M/S. Vireet Investment Pvt. Ltd., New ... vs Acit, New Delhi on 16 June, 2017
2.5.1. With regard to disallowance u/s 14A of the Act while computing the book profits
u/s 115JB of the Act, the issue is settled by the recent special bench decision of Delhi
Tribunal in the case of ACIT vs Vireet Investment (P) Ltd reported in 165 ITD 27
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ITA No.472 & 512/Kol/2017
M/s Babcock Borsig Ltd.
The Companies Act, 1956
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