2010 (10) TMI 1088

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....r. DR. ORDER PER C.L. SETHI, JUDICIAL MEMBER. The assessee is in appeal against the order of the learned Commissioner of Income-tax (Appeals), dated 17.06.2010 pertaining to the Assessment Year 2007-08. 2. The grounds raised in this appeal are as under:- "1. That Ld. A.O. & Ld. CIT(A) erred in invoking provisions of sec. 14A of the Income Tax Act. 2. That the Ld. A.O.....

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....rked out the disallowance as per the formula provided in Rule and thus, there was no fault in the order of the Assessing Officer in making the disallowance. 4. Hence, the assessee is in further appeal before us. 5. We have hard both the parties and have carefully gone through the orders of the authorities below. 6. On perusal of orders of the authorities below, it is clear that the author....