deleting the disallowance the
administrative expenses of Rs. 1,58,53,457/-
Commissioner
(Appeals) -16, Mumbai and arises out of the penalty imposed u/s 271(1)(c)
of the Income ... after making
disallowance of Rs.3,49,457/- u/s 14A and a further addition of
Rs.2,10,75,000/- under the head
Acc Ltd., Mumbai vs Dcit(Ltu) - 1, Mumbai on 28 February, 2023
IN THE INCOME
claiming of exemption
under section 47(xiiib) . Therefore, where exemption under
Section 47(xiiib) has not been claimed application of Section ... purpose of sub-
section (1) of section 12B of the Act. If the language of sub-section
(1) of section
reasons.
(d) Reduction of profits in respect of projects eligible for deduction
u/s. 80HHB of the Act.
24. We find that this issue ... assessee has claimed deduction of Rs.23,93,457/- u/s. 80HHE of the
Act .In ground No.7 of appeal assessee has assailed computation
reasons.
(d) Reduction of profits in respect of projects eligible for deduction
u/s. 80HHB of the Act.
24. We find that this issue ... assessee has claimed deduction of Rs.23,93,457/- u/s. 80HHE of the
Act .In ground No.7 of appeal assessee has assailed computation
such disallowance to t 33,64,08,457/- by way of adding
back disallowance made u/s. 14A r.w.r.SD and thereby erred ... with the raising the addition in sum of
Rs.33,64,08,457/- u/s 14A r.w. Rule 8D of the Rules on account
learned CIT(A) erred in upholding the
disallowance of Rs.3,06,457/- u/s 40(a(ia) disregarding the
fact that the appellant ... profession" under Section
28. The exception in Section 40 is carved out, only for the purpose of
Section 28 and not for computing
with provisions
pertaining to winding up by the Court. As per section 457(1)(a) of the
Companies Act, 1956, Liquidator shall have the power ... 3270/Mum/2018
A.Y. 2003-04
Rushabh Precision Bearings
envisaged u/s 457(1a) of the Companies Act,1956. Thus, we note that
allow assessee's claim for
deduction u/s. 37 of The Act of Rs.17,59,457/- representing
travelling expenses of head office personnel ... Assessee and directed AO to allow deduction of
Rs.17,59,457/- u/s. 37 of the Act.
2.1 At the time of hearing