2018 (1) TMI 509

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....q Ahmad, Sr. D.R For The Respondent : None ORDER PER BEENA A PILLAI, JUDICIAL MEMBER The present appeal has been filed by revenue against order dated 10/07/15 passed by Ld.CIT(A)-3 New Delhi, for assessment year 2011-12, on following grounds of appeal: "1. On the facts and circumstances of the case and in law, the ld.CIT(A) has erred in deleting the addition of Rs. 91,52,780/-....

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....revenue is against the deletion of Rs. 91,52,780/- made by Ld. AO on account of disallowance under section 14A read with Rule 8D. 2.3. Ld. CIT (A) deleted the addition by observing as under: "The various High Courts have uniformly held that no disallowance u/s 14A can be made if there is no exempt income and in that context over ruled the decision of Special Bench, New Delhi in the cas....