2017 (3) TMI 1744

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....DIP KUMAR KEDIA - AM: The captioned appeal has been filed at the instance of the Revenue against the order of the Commissioner of Income Tax(Appeals)-2, Ahmedabad ('CIT(A)' in short), dated 23.12.2016 arising in the assessment order dated 21.03.2016 passed by the Assessing Officer (AO) under S. 143(3) of the Income Tax Act, 1961 (the Act) concerning AY 2013-14. 2. As per the captioned appeal, th....

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.... of the assessee. The CIT(A) in first appeal, however deleted the additional disallowance of Rs. 76,44,797/-. The Revenue is in appeal against the aforesaid action of the CIT(A). 5. We straightway notice that the assessee has reported tax free income by way of dividend to the extent of Rs. 10,188/- only. In viewof the decision of Hon'ble Gujarat High Court in the case of CIT vs.Corrtech Energy Pv....