2017 (12) TMI 1592

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.... For the Respondent : None ORDER The revenue appeals the decision of the Income Tax Appellate Tribunal ("ITAT") which granted complete relief to the assesssee. The CIT (A) afforded partial relief by setting aside a disallowance in excess of Rs. 9 crores made by the Assessing Officer ("AO") under Section 14A of the Income Tax Act, 1961. The CIT (A) had brought down the disallowance to a figu....

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....) granted partial relief after analysing the decision but upholding the rejection of the disallowance by the AO offered by the assessee. The ITAT in the impugned judgment granted complete relief to the assessee on the strength of the two judgments of this Court, i.e., Joint Investment Pvt. Ltd. v. CIT (2015) 372 ITR 694 (Delhi) and Cheminvest Vs. Commissioner of Income Tax 378 ITR 33. This Cour....