2019 (4) TMI 1529

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....ICE PRESIDENT (KZ) This appeal filed by the revenue is directed against the order of Ld. CIT(A) whereby he deleted substantially the disallowance made by the AO u/s 14A of the Act read with Rule 8D. 2. The assessee in the present case is a company which is engaged in the business of property development. The return of income for the year under consideration was filed by it on 30.03.2015 declarin....

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....the decision of the Tribunal in assessee's own case for A.Y. 2012-13, the Ld. CIT(A) held that the investment made by the assessee in the shares of other group concerns being strategic in nature, the disallowance u/s 14A could be made only on account of other expenses as per clause (iii) of sub-rule (2) of Rule 8D. He accordingly directed the AO to restrict the disallowance u/s 14A only to that ex....