2017 (9) TMI 1777

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....of learned CIT(A) dated 29.01.2016 and pertains to assessment year 2010-2011. 2. The grounds of appeal read as under:- "1. The learned Commissioner of Income-tax (Appeals)-53, Mumbai [CIT(A)] on the facts of the case and in law, erred in upholding the order of the Deputy Commissioner, Central Circle-33 (Assessing Officer) (AO) dated 11.02.2013, confirming the addition of Rs. 14,73,973 on accoun....

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....rescribed in Rule 8D of the I.T. Rules, 1962. Accordingly, disallowance of administrative expenses under Rule 8D(2)(iii) was worked out by the A.O. at Rs. 14,73,973/- which was added to the total income of the appellant. 4. Upon assessee's appeal, the learned CIT(A) confirmed the addition. Against the above order, assessee is in appeal before the ITAT. 5. I have heard both the Counsel and peruse....

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....arned CIT(A) has followed the above decisions and has held that no disallowance u/s 14A was required in the case of the assessee. 5.1 Per contra, learned Departmental Representative relied upon the decision of Hon'ble jurisdictional High Court in the case of in the case of Godrej & Boyce Ltd. 6. I have carefully considered the submissions and perused the records. I find that Hon'ble jurisdiction....