2019 (4) TMI 1529

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..... DR, JCIT ORDER PER P.M. JAGTAP, VICE 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 conside....

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....eal filed before the Ld. CIT(A) and by following 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 ....