2017 (9) TMI 1692

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....he appellant-revenue has filed the instant appeal under Section 260A of the Income Tax Act, 1961 (in short, "the Act") against the order dated 29.11.2016, Annexure A.6, passed by the Income Tax Appellate Tribunal, Division Bench, Chandigarh (in short, "the Tribunal") in ITA No. 871/CHD/2016, for the assessment year 2009-10, claiming following substantial question of law:- "Whether in the facts a....

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....ed disallowance of Rs. 2,32,60,607/- on account of apportionment of expenses against exempted income under Section 14A of the Act read with Rule 8D of the Income Tax Rules, 1962 (in short, "the Rules") vide order dated 23.12.2011, Annexure A.1. Later on, Principal Commissioner of Income Tax, Patiala passed order under Section 263 of the Act on 18.03.2014, Annexure A.2, holding the aforesaid assess....

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....rder passed by the Tribunal dated 28.03.2016 held that order dated 15.10.2014, passed by the Assessing Officer under Section 143(3) read with Section 263 of the Act stood infructuous and accordingly allowed the appeal of the assessee vide order dated 27.05.2016, Annexure A.5 given in Appeal No. 224/IT/CIT(A)/PTA/14- 15. Not satisfied with the order, the department filed an appeal before the Tribun....