2010 (9) TMI 1026

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....DER Per D. K. Tyagi The assessee is aggrieved by the order of the Ld. CIT(A), Kolkata dated 02.07.2010 for assessment year 2007-08 on the sole ground of confirming the addition made u/s. 14A amounting to Rs. 3,00,209/- by invoking Rule 8D of the I. T. Rules. 2. Briefly stated facts of the case are that the Assessing Officer stated in the assessment order that the assessee earned a dividen....

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....itted before the lower authorities further submitted that the co-ordinate Bench of this Tribunal in the case of M/s. Civil Engineers Enterprises (P) Ltd. -Vs- DCIT in ITA No. 859/Kol/2010 for Assessment Year 2005-06 dated 19.8.2010 on an identical issue had taken the consistent view i.e. @ 1% of the dividend income was treated as expenses related to dividend income. He, therefore, urged before the....