2014 (6) TMI 218

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....bsp; Per P. M. Jagtap,AM: This appeal is preferred by the assessee against the order of ld. CIT(A)-19, Mumbai dated 8.6.2012 and the solitary issue arising out of the same, as pressed by the ld. Counsel for the assessee at the time of hearing before us, relates to a disallowance of Rs.11,31,374/- made by the AO and confirmed by the ld. CIT(A) u/s 14A of the Income Tax Act, 1961 (the Act) rea....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... On appeal, the ld. CIT(A) confirmed the said disallowance made by AO. Aggrieved by the order of ld. CIT(A), the assessee has preferred this appeal before the Tribunal. 3. We have heard the representatives of both the sides and perused the material available on record. The ld. counsel for the assessee has invited our attention to the profit and loss account of the assessee company for the year ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....A) thus is much more than the actual expenditure claimed by the assessee which is not justified. Relying on the decision of the "D" Bench of the Delhi Tribunal in the case of M/s Gillette Group India V/s ACIT in ITA No.267/Del/2012 (AY-2008-09) dated 23.3.2012, he has contended that the disallowance u/s 14A may be directed to be restricted to the extent of expenditure actually claimed by the asses....