2016 (5) TMI 949
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....7436 of 2016 (for condonation of delay) 1. For the reasons stated therein, the delay in filing the appeal is condoned. 2. The application is disposed of. ITA No. 310 of 2016 3. This appeal by the Revenue is directed against the order dated 31st July 2015 passed by the Income Tax Appellate Tribunal ('ITAT') in ITA No. 1896/Del/2013 for the Assessment Year ('AY') 2007-08. 4. The ITAT ....
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....The above decision of the Maxopp Investment (supra)specific to the issue of AO having to record reasons prior to making a disallowance under Section 14-A of the Act has been consistently followed not only by this Court in subsequent decisions but by the ITAT as well. In any event, the Court is informed that the Revenue's Special Leave Petition against the decision in Maxopp Investment (supra) ....


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