2017 (5) TMI 1484

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....SOPARKAR, LD. SR. ADV WITH MR B S SOPARKAR, ADVOCATE FOR THE RESPONDENT  ORAL ORDER (PER : HONOURABLE MR.JUSTICE M.R. SHAH) 1.0. Feeling aggrieved and dissatisfied with the impugned judgment and order passed by the learned Income Tax Appellate Tribunal dated 3.5.2016 passed in ITA No. 633/AHD/2011 for the year AY 200708, the Revenue has preferred present appeal with the following pro....

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....estion no. 2 is concerned, at the outset, it is required to be noted and it does not seem to be in dispute that as assessee was already having a surplus reserved tax free fund out of which investment was made. Therefore, AO was not justified in making the disallowance of deduction under Section 14 A of the Act of Rs. 2,10,788/. Learned counsel for the Revenue is not disputing that the assessee ....