2018 (9) TMI 1230

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...., whether Ld. CIT(A) was correct in deleting the addition made u/s 14a relying on the decision of the Hon'ble Delhi High Court order in the case of M/s Cheminivest Ltd. Vs. CIT when the matter is pending before the Hon'ble Apex Court and there is clear cut Board's circular on the issue i.e. the circular No. 5/2014 dated 11.02.2014 2. Any other Grounds which may be urged at the time for hearing. 2. The revenue raised the following grounds of appeal: 3. Briefly, the facts of the case are that the respondent-assessee is a company duly incorporated under the provisions of the Companies Act, 1956. It is engaged in the business of manufacturing of power and energy. The return of income for the assessment year 2014-15 wa....

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....relevant observations of the ld.CIT(A) are as under: We find that the ratio of the decisions of the Hon'ble Delhi High Court in the cases cited supra still hold the field. There is nothing on record to show that the decisions had been reversed by the Hon'ble Apex Court. In the circumstances, we do not find any fallacy in the reasoning of the ld.CIT(A). Hence, the grounds of appeal filed by the revenue are dismissed. 7. In the result, the appeal filed by the revenue is dismissed. Order pronounced in the open court on 29th June, 2018. ============= Document 1 4.2 The submissions of the appellant have duly been considered. The reliance of the AO on the decision in the case of Godrej & Boyce MFG. Co. Ltd (Supra) is misplaced....