ignoring the facts in which
confirmed the addition of Rs. 5,14,395/-u/s 43(B) of the IT Act for
delayed deposit ... such this section u/s 43(B) is not
applicable on the s amount. So the addition of Rs 5,14,395/-is liable
That the disallowance of Rs. 1,68,27,395/- under
Section 14A of IT Act made by Assessing Officer and
sustained by CIT (Appeals ... been raised by assessee against
disallowance of Rs. 1,68,27,395/- under section 14A read with
rule 8D.
23. Ld. AR submitted that during
notice u/s
143(2) Income Tax Act 1961 ('Act' for short) was issued and the detailed
questionnaire along with notices ... also
disallowed Rs. 11,70,395/- u/s 14 A of the Act .
4. Aggrieved by the assessment order dated 25/12/2017, the assessee
6237/Del/2012
2. Construing following sums as unexplained and making addition
u/s 68 of the Act:-
i) Rs.39,50,000/- on account ... from customer.
3. In making disallowance in a sum of Rs.66,395/- u/s 14 A of the
Act :
4. In disallowing depreciation amounting
submitted that learned D.R. overlooked the statutory provisions of Sections 391 to 395 of the Companies Act. The aforesaid provisions were introduced ... participate in the management through them etc. Referring to Sections 391 to 395 of the Companies Act the learned counsel submitted that these are special
appeal of the Revenue is with respect to
deletion of disallowance under section 14A of Rs.50,60,179/-.
The brief facts show that assessee ... disallowed
Rs.35,77,395/- under section 14A of the Act. Assessee also
submitted the working of the disallowance. The learned
Assessing Officer rejected
deleting the disallowance of Rs.
1,76,17,395/- made u/s 37 of the Income Tax Act, 1961, on account of bogus
Advertisement, Marketing ... discussion, the addition of Rs.1,76,17,395/- on
account of non-genuine Sales Promotion expenses
Interest bearing funds Rs.3,90,73,715/-
5 Disallowance u/s 14A Rs.395,49,10,222/-
6 Prior Period Expense ... contentions shows that,
Ld. CIT(A) deleted disallowance of Rs.395.49 crores made u/s 14A of the Act
holding that no exempt income
Interest bearing funds Rs.3,90,73,715/-
5 Disallowance u/s 14A Rs.395,49,10,222/-
6 Prior Period Expense ... contentions shows that,
Ld. CIT(A) deleted disallowance of Rs.395.49 crores made u/s 14A of the Act
holding that no exempt income
Appeal No. 395 (Del) of 2007.
section 195 or 197 of the Act, it was clear that where deduction of tax was required ... salaries' is covered by provisions
of section 192 which are quite different from section 195. The Tribunal while
